Taiwan Semiconductor is trading 5.7% down at $44.70 amid a sharp global pullback in semiconductor and AI-related stocks driven by concerns over infrastructure spending and profit sustainability.
- The decline follows TSMC’s recently announced 2026 capex hike, which has prompted investors to reassess valuations for AI-driven chipmakers.
- Market sentiment is being pressured by rising competition from Chinese chip manufacturers and broader questions regarding the long-term ROI of heavy AI investments.
- The move appears to be a macro-driven sector rotation, as no new negative company-specific news has been reported.