🟢 Taiwan Semiconductor is trading 4.1% up today as semis rebound from AI selloff and capex concerns

Taiwan Semiconductor is trading 4.1% up at $47.50 as investors buy back into chip stocks following last week’s AI-driven selloff and concerns over higher capital expenditure plans.

• The broader semiconductor sector is rallying on a JPMorgan upgrade and bargain hunting, helping the stock recover part of its recent post-earnings pullback.
• The recovery comes after recent pressure tied to increased spending targets and concerns regarding stretched valuations for AI-related chips.