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.)
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