🔴 Taiwan Semiconductor is trading 3.3% down today as investors reassess AI valuations and take profits

Taiwan Semiconductor is trading 3.3% down at $47.00 as investors reassess lofty AI chip valuations and take profits following a strong run in semiconductor stocks.

• The broader semiconductor group is falling more than 3% amid concerns over sector valuations and a rotation out of tech weighing on shares.
• The decline occurs despite the company recently reporting record revenue driven by robust demand for AI-related chips.