TSMC is trading at $47.96, down 3.21%, amid a broad semiconductor selloff.
- Concerns about Chinese chip competition and AI spending are weighing on chip stocks.
- September CPI came in hotter than expected, lifting Treasury yields and pressuring technology shares; Reuters reported U.S. chip and AI-related shares fell after the inflation data.
- Aletheia’s bullish target news does not clearly explain the decline, and TSMC-specific Q3 results were not available in the supplied news.