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Why Taiwan Semiconductor Stock Was Sliding Today

TheMotleyFool

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Why Taiwan Semiconductor Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/773393/tweezers-with-computer-chip.jpg

Shares of Taiwan Semiconductor (NYSE: TSM) were heading lower today after the world's largest semiconductor manufacturer posted strong results in the first quarter but offered a cautious outlook due to weakness in the smartphone and PC markets.

As a result, the stock was down 3.1% as of 11:19 a.m. ET on Thursday.

Image source: Getty Images.

Source Fool.com