Taiwan Semiconductor's record quarter renewed investors' faith in AI stocks, Jim Cramer says

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CNBC’s Jim Cramer on Thursday suggested a strong quarter from Taiwan Semiconductor

renewed Wall Street’s faith in artificial intelligence stocks, including industry leader Nvidia

“Taiwan Semi made mincemeat of the skeptics who’ve been doubting AI’s staying power,” he said. “They said something that we have only heard from Jensen Huang, CEO of Nvidia — the demand is insatiable and, more important, the profits, they could be humongous for the customers.”