2023-05-25 10:48:45 ET
AI news drove big tech stock gains in early trading Thursday.
Through 10:05 a.m. ET, shares of Microsoft (NASDAQ: MSFT) are up a respectable 2.2%, while semiconductor manufacturing equipment maker ASML (NASDAQ: ASML) is gaining 4.6%, and Taiwan Semiconductor Manufacturing (NYSE: TSM) is leading the pack higher with a 10.1% gain.
The precise reasons why these stocks are rising may differ -- but artificial intelligence (AI) lies at the root of each rally.
For further details see:
Why Microsoft, ASML, and TSMC Stocks All Just Popped