TSMC is trading 3.06% down at $406.63 after its higher 2026 capital spending outlook and margin pressure concerns sparked a selloff.
- Reuters reports that the increased capex forecast triggered cost worries across the semiconductor sector, overshadowing the company's record second-quarter profit.
- The decline is reinforced by a broader retreat in chip stocks, with the SOXX down 3.80% amid a weaker Nasdaq on July 16, 2026.