TSMC is trading at $394.45 (3.7% down) following a sector-wide semiconductor sell-off linked to worries about stretched AI valuations and rising capital spending.
- Despite reporting a 77% year-over-year profit jump and strong Q2 guidance, investors are focused on the company's sharply higher CapEx plans.
- Sentiment across AI hardware names is being pressured by TSMC's massive new Arizona investment and the broader industry-wide increase in spending.