Why Taiwan Semiconductor Stock Was Pulling Back Today
TSMTSMC(TSM) The Motley Fool·2024-09-10 23:57

Shares of TSMC pulled back after growth slowed in August.Shares of Taiwan Semiconductor (TSM -2.23%) were moving lower today after the chip manufacturing giant posted slowing revenue growth in its August update.Though its growth rate was still strong, it marked a deceleration from July, and that news was enough to push the stock lower.As of 10:46 a.m. ET, the stock was down 2.6%. TSMC hits the brakesTaiwan Semiconductor has been one of the biggest beneficiaries of the artificial intelligence (AI) boom thus ...