Why Taiwan Semiconductor Manufacturing Stock Sank Today
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock got hit with significant sell-offs in Wednesday's trading. The semiconductor foundry leader's share price closed out the day down 3.6% after having been off as much as 5.6% in the session. Meanwhile, the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 2.2% and 3.1% in the session, respectively.
TSMC's valuation moved lower today in conjunction with news of new export restrictions on Nvidia's processors, higher tariffs on China, and cautious commentary from Federal Reserve Chairman Jerome Powell. The stock is now down 23% year to date.
Nvidia submitted a filing yesterday disclosing a significant new business headwind. The company is now being required to submit for an export license if it wants to sell more of its H20 processors to China, which likely means that the product will be barred from being sold to the country.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Aktie
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 28 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Mit einem Kursziel von 309 € für Taiwan Semiconductor Manufacturing Co. Ltd. ADR ist ein leichter Anstieg gegenüber dem aktuellen Kurs von 294.5 € zu erwarten.
