TSMC is trading 3.6% down now at $45.20 as chip stocks broadly sell off on valuation concerns and questions around the durability of AI-related infrastructure spending.
- The move comes alongside a 3.1% drop in the semiconductor sector following Alphabet’s heavy-spending guidance, which sparked renewed worries about concentrated AI capital expenditure.
- High-multiple chip names like TSMC remain exposed to profit-taking as investors weigh long-term growth against current valuation pressures despite strong recent fundamentals.