🔴 TSMC is trading 3.4% down today as investors weigh AI growth against surging capex

TSMC is trading 3.4% down at TWD 2,385 as investors reassess its AI-driven growth trajectory against a significantly higher spending plan.

• The company reported record Q2 profit and raised its 2026 outlook, but announced an additional $100 billion investment in Arizona, bringing total U.S. commitments to $265 billion.
• Despite strong fundamentals, the stock is facing pressure from profit-taking and broader sector-wide weakness in chip stocks due to valuation and capital expenditure concerns.