🔴 TSM is trading 3% down today on broader Nasdaq weakness and chip sector pressure ahead of big tech earnings

TSM is trading at $392.18 (-3.16%) tracking broader Nasdaq weakness and chip sector pressure ahead of major tech earnings.

• The decline follows yesterday's $404.98 close as the Nasdaq and S&P 500 drop 0.84% and 0.58% respectively, with no company-specific news reported for TSM.
• Tech sentiment is weighed down by reports of OpenAI missing targets, impacting partners like Oracle and dragging down peers Nvidia and AMD.
• Investors remain cautious ahead of Microsoft and Meta earnings scheduled for tomorrow, which are expected to drive further volatility in the semiconductor space.