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%.
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Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€366.00
2.090%
With 28 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 400 € shows a slightly positive potential of 9.29% compared to the current price of 366.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
