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.

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,

TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).