🔴 TSMC is trading 3.2% down today as chip stocks slide ahead of Nvidia earnings

TSMC is trading 3.2% down at $405.45 as semiconductor investors reduce exposure ahead of Nvidia’s August 26 earnings report.

• The decline appears sector-driven rather than company-specific: chip stocks are falling broadly, with SOXX down 4%, while Intel and AMD are also lower.
• Nvidia’s guidance on production, supply commitments, and data-center demand could influence the entire semiconductor complex.