The artificial intelligence (AI)-related rally in semiconductor stocks is back with a vengeance in 2024. It all started on Jan. 18 after Taiwan Semiconductor Manufacturing (TSM) \- the world’s largest contract chipmaker – forecast a return to strong growth this year. It expects revenues to grow by up to 26% as the global chip market comes out of a deep trough. The company’s better-than-projected numbers underscored expectations for a bounce-back in smartphone demand, as well as for chips and computing. But more importantly, the market was excited by the focus of TSM executives on the advent of…