Why TSMC Stock Tumbled Early Wednesday
Dutch semiconductor equipment manufacturer ASML (NASDAQ: ASML) warned investors Wednesday its sales might not grow at all in 2026, sparking worries the artificial intelligence (AI) revolution might not be as inevitable as investors thought -- and sparking a brief sell-off in shares of contract chip manufacturer Taiwan Semiconductor Manufacturing (NYSE: TSM).
Shares of TSMC tumbled more than 4% in early trading before making up most of their losses by noon ET. As of 12:10 p.m. ET, TSMC stock is down only 0.2%.
Image source: Getty Images.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€327.50
1.710%
The stock is one of the favorites of our community with 28 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 304 € is below the current price of 327.5 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR, so the potential is actually -7.18%.
