Why Taiwan Semiconductor Manufacturing Stock Was Sliding Today
TSMC(TSM) The Motley Fool·2024-09-04 01:14
A broader sell-off in the chip sector weighed on TSMC.Shares of Taiwan Semiconductor Manufacturing (TSM -5.81%) were falling today as bearish momentum in the broader semiconductor sector seemed to weigh on the stock. There was also a news item out of Japan that brought up a familiar bogeyman for TSMC.As of 12:18 p.m. ET, the stock was trading 5.8%, while the Nasdaq Composite had lost 2.3%, indicating a broader pullback in the market. Chip stocks are still volatileChip stocks like Taiwan Semi tend to go wher ...