The company's stock surged after Taiwan Semiconductor Manufacturing (TSMC) reported stronger-than-expected quarterly results and announced a massive capital expenditure forecast for 2025. This spending plan signals robust, sustained demand for AI hardware and is a direct positive for leading suppliers of advanced chipmaking equipment. The news propelled the company's shares to record highs and helped it surpass a $500 billion market capitalization, with analysts highlighting its position to benefit from healthy industry spending.