Shares of Taiwan Semiconductor Manufacturing Corporation (NYSE: TSM) were moving higher Thursday after the world’s largest contract chip manufacturer posted better-than-expected results in its fourth-quarter earnings report. TSMC has been a big winner amid the AI boom and a broader recovery in the chip sector, and that momentum continued in the fourth quarter. Revenue in the period jumped 38.8% to $26.9 billion, topping analysts’ consensus estimate of $26.3 billion.