TSM is trading at $375.47 (-3.16%) amid a broader tech sector pullback as markets continue to digest Nvidia's recent earnings and navigate geopolitical concerns.
- The decline aligns with broader market weakness as the Nasdaq Composite and S&P 500 fell 0.79% and 0.36% respectively, with no company-specific catalysts reported for TSM today.
- Sentiment in the semiconductor space remains pressured by cautious forward guidance and macro uncertainty, despite Nvidia's 75% surge in data center revenue reported on February 25.
- While TSM recently achieved a $2 trillion valuation milestone fueled by AI demand, the stock is currently tracking sector-wide volatility and cooling investor enthusiasm.