TSM is trading 2.9% down at $422.56 as part of a broader pullback in tech and semiconductor names following recent AI-driven rallies and sector-wide cost concerns.
- Investors appear to be locking in profits despite upbeat long-term news regarding TSMC’s plans to build nine new fabs to serve booming AI demand.
- The decline reflects a wider market trend as major indices and other large-cap technology hardware names also trade lower.