(NASDAQ: INTC) and Taiwan Semiconductor Manufacturing (NYSE: TSM) are two of the world's largest chipmakers, yet their stocks have gone in opposite directions over the past month. Intel's stock has declined 13%, while TSMC's shares have advanced 13%.

Both of these stocks made big moves after their latest earnings reports in January. Intel's shares sank after it provided gloomy guidance for the first quarter, yet TSMC's stock rallied after it provided a much brighter outlook for the same period. Let's see why these two stocks diverged -- and whether TSMC will continue to outperform Intel in 2024.

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Source Fool.com