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artificial intelligence age

TSMC bulls ignore Warren Buffett’s warning for bet on coming artificial intelligence age

(Bloomberg) -- The frenzy over artificial intelligence is trumping geopolitical concerns over Taiwan Semiconductor Manufacturing Co., with its record stock rally powering ahead. Foreign investors have boosted ownership of the stock to a two-year high, backing claims by TSMC that AI will be its biggest growth driver this year. The company has more than a 90% share in manufacturing advanced semiconductors used for AI, according to Pictet Asset Management.The turnaround last year — the stock had plunged 27% in 2022 — came…