Tech stocks are nearing their first record high since July as dip-buyers get their wish. Nvidia is the ‘single most important company’ for investors. These numbers prove why. This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline.

The shares are up 20% to trade at $207.94, on track for their best single-session gain since May 2023. TSM -- a Schaeffer's Top Pick for 2024 -- earlier hit a record high of $212.50, and is now 100% higher year-to-date.

All members of the PHLX Semiconductor Index were in positive territory Thursday as TSMC offered upbeat commentary on the sector.

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, has further raised its growth outlook on the back of an artificial intelligence boom and a broad-based recovery in other sectors,

U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.