The chip industry just got a much-needed boost as Trump tariffs loom large

Dado Ruvic/REUTERS

• Chip stocks got a glimmer of good news on Thursday after TSMC reported earnings.
• TSMC beat profit expectations and, perhaps more importantly, didn't cut its annual sales forecast.
• Concern has been mounting over the tariffs, with Nvidia issuing a warning on Wednesday.

Chips stocks got a much-needed boost on Thursday after Taiwan Semiconductor beat earnings for the quarter, lifting the outlook for the sector amid the looming threat of Trump's tariffs.