Why Is Taiwan Semiconductor (TSM) Stock Down After a Record Quarter?
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TLDR TSM stock closed at $422.25 on Thursday, down 2%, as chip stocks sold off. TSMC posted its sixth straight record quarter, with profit up nearly 69% and revenue up about 50%. Q4 revenue is guided to $52.3 billion to $54.3 billion, about 58% growth from a year ago. The 2026 capital budget stays at $60 billion to $64 billion. Needham raised its price target to $560 from $530 and kept a Buy rating. Taiwan Semiconductor (TSM) stock closed at $422.25 on Thursday, down $7.75 or 2%. A record quarter followed by a down day is an odd combo. Taiwan Semiconductor Manufacturing Company Limited, TSM A sector-wide sell-off weighed on the chipmaker. Nvidia fell about 2% and Broadcom slipped about 1%. TSMC posted its sixth straight quarter of record profit.
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