By Chris Neiger
Publication Date: 2026-04-10 15:56:00
Shares of the semiconductor company Broadcom (AVGO +4.69%) were climbing higher today as investors responded to strong sales growth from semiconductor maker Taiwan Semiconductor, or TSMC.
Broadcom investors are hoping that if sales of TSMC are surging higher, it means that demand for processors, in general, is strong. Investors are also likely responding to analysts at Rothschild & Co Redburn raising their price target for Broadcom’s shares.
Broadcom stock was up by 5.6% as of 11:50 a.m. ET.
Image source: Getty Images.
Signs of more semiconductor life
Tech investors have been trying for months to figure out whether AI infrastructure demand is slowing, and some have abandoned AI stocks amid those fears. But TSMC offered some relief on that front today, reporting that its sales rose 35% to $35.6 billion in the first quarter.
Taiwan Semiconductor is the largest semiconductor manufacturer in the world, so if the company is seeing strong demand, chip designers like Broadcom are…
