Taiwan Semiconductor Manufacturing Company Limited is trading 5% down at $48.97 after stronger-than-expected U.S. jobs data pushed investors to price in higher-for-longer interest rates, pressuring growth and technology names.
- Rising Treasury yields are weighing on the broader semiconductor sector and the Nasdaq as investors recalibrate rate expectations.
- The stock is also facing pressure from recent AI-chip-related volatility and general sector weakness alongside its chip peers.