🔴 TSMC is trading 3.0% down today after record Q2 earnings and aggressive U.S. investment plans

TSMC is trading 3.0% down at $406.78 as investors lock in profits following record Q2 earnings and plans for expanded U.S. capital spending.

• The company raised its full-year growth outlook, citing robust demand for AI chips, though the market reacted cautiously to the scale of new U.S. fab commitments.
• The decline stands in contrast to broader strength in the semiconductor sector, suggesting a specific reaction to valuation and the long-term capex outlook.