🔴 Taiwan Semiconductor is trading 5.6% down today on higher capex plans and AI valuation concerns

Taiwan Semiconductor is trading 5.6% down at $44.58 as the stock extends a post-earnings pullback driven by concerns over increased capital expenditure and stretched AI-chip valuations.

• Despite reporting record Q2 profits and robust AI demand, investors are reacting negatively to the company’s sharply higher capex plans.
• The stock is also being pressured by a broader semiconductor sell-off as markets question the sustainability of recent gains across the wider chips complex.