Movement Alert|TSMC Falls 3.12% in Regular Trading, Semiconductor Sector Under Broad Pressure Amid Fed Rate Hike Concerns

Market Focus06-10 21:43

On June 10, TSMC fell 3.12% in regular trading, trading at $416.565/share, with trading volume of $708 million. The decline came amid a broad semiconductor sector selloff.

The downturn reflects continued pressure on chip stocks following strong U.S. May non-farm payroll data, which reignited concerns over potential Fed rate hikes. The Philadelphia Semiconductor Index had previously posted its largest single-day decline in recent years, dropping over 10%, with TSMC, NVIDIA, Micron, and Broadcom all suffering significant losses. Additionally, Broadcom's weaker-than-expected forward guidance triggered an industry-wide expectation reset, with analysts reassessing AI-related valuations across the chip supply chain.

Within the Semiconductor sector, declines were widespread. Among major peers, Broadcom fell 4.03%, Micron Technology fell 3.41%, Marvell Technology fell 2.26%, NVIDIA fell 1.26%, while Intel edged up 0.36%. Despite TSMC reporting 30% year-over-year May revenue growth and reaffirming full-year revenue guidance of over 30% growth, macro headwinds and sector rotation pressures weighed on shares.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment