TSM is trading at 3.7% down now at $274.17 after a sharp rally in the previous session, where shares surged 3.48% on November 24, 2025, driven by news of AI chip breakthroughs and major efficiency gains. The recent run-up was fueled by optimism over TSMC's leadership in next-generation chip technology and expansion of its 2nm facilities to meet soaring AI demand. However, with no new negative company-specific news this morning, today's drop appears to be a pullback as investors take profits following the strong gains and reassess valuations, which some analysts now see as slightly overextended. Broader market indices are flat, suggesting the move is TSMC-specific rather than market-driven.