TSM is trading at $392.09 (-3%) amid broader Nasdaq weakness and sector-wide sensitivity ahead of major tech earnings from Microsoft and Meta.
- The decline follows a $404.98 close yesterday, with the stock tracking a 1.07% drop in Nasdaq futures despite a lack of company-specific news.
- While ASML's positive forecast mentioned TSM, notes regarding a High-NA tool delay and cautious retail sentiment are weighing on the stock.
- Investors remain focused on upcoming big tech results and macro sentiment, with no major catalysts specific to the company reported for April 28.