Taiwan Semiconductor Manufacturing is trading 3.8% down today at $428.21 as investors rotate out of semiconductors following underwhelming AI-chip outlooks from sector leaders.
- The stock is being pressured by broader tech and chip weakness following disappointing AI guidance at peers like Broadcom and Micron.
- The decline reflects a risk-off move in growth shares despite the company highlighting a strong longer-term AI and revenue outlook at its June 4 shareholder meeting.