SEMI.AX is trading 7.7% down today as semiconductor and AI-related stocks face a broad selloff following Taiwan Semiconductor Manufacturing Company’s (TSMC) massive capex hike and growing skepticism regarding returns on AI infrastructure spending.
- The decline tracks a wider retreat in global chip indices and tech shares as investors unwind crowded AI trades amid escalating geopolitical tensions and rising oil prices.
- High-valuation growth sectors are under significant pressure as risk assets face headwinds from macroeconomic uncertainty and shifting investor sentiment.