On July 27, Taiwan Semiconductor Manufacturing fell 3.14% in regular trading, trading at 390.42 USD/share, with turnover of 1.642 billion USD.
On the news front, despite Needham raising its target price to 530 USD and Google confirming its Pixel 11 will debut TSMC's 2nm process, the Philadelphia Semiconductor Index had previously retreated over 20% from its highs, entering a technical bear market. Capital continues to flow out of crowded AI and compute trades, extending profit-taking pressure across the sector.
TSMC's recent earnings set records, but the market exhibited a classic \"sell the news\" pattern, with sector valuation digestion still underway. Within the Semiconductors sector, weakness was broad-based: SK hynix down 8.4%, Advanced Micro Devices down 7.76%, Micron Technology down 6.64%, Intel down 4.97%, and NVIDIA down 3.52%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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