Why Taiwan Semiconductor Stock Was Down Earlier Thursday
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) (TSM) were down 2.3%, compared to a 1.2% drop for the S&P 500 index, shortly after the market opened on Thursday.
In a filing with the U.S. Securities and Exchange Commission, Warren Buffett's Berkshire Hathaway revealed that it sold 86% of its stake in the chip stock in the fourth quarter.
The news comes as TSM has significantly outperformed the broader market year to date.
Source Fool.com
