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
€296.50
-1.330%
With 26 Buy predictions and 2 Sell predictions Taiwan Semiconductor Manufacturing Co. Ltd. ADR is one of the favorites of our community.
As a result the target price of 304 € shows a slightly positive potential of 2.53% compared to the current price of 296.5 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
