TSMC is trading at $392.38 (-3.01%) today, weighed down by hotter-than-expected inflation and reports of major customers diversifying their supply chains.
- Macro pressure is mounting as 3.8% CPI inflation dampens Fed rate cut hopes and geopolitical tensions push oil prices above $107/barrel.
- The semiconductor sector is experiencing a risk-off rotation following recent AI-driven gains, further pressured by news of an Intel-Apple deal to reduce reliance on TSMC manufacturing.