Taiwan Semiconductor Manufacturing (TSM) Dropped, So What Is Behind The Move?

Taiwan Semiconductor Manufacturing (NYSE:TSM) just delivered record third quarter earnings that topped forecasts, yet the stock is slipping as broader semiconductor shares come under pressure and investors reassess AI related valuations. This pullback comes after a long run. The share price is still up 29.1% year to date and the 1-year total shareholder return is 40.97%, while the 3-year total shareholder return of about 3.7x and the 5-year total shareholder return of 284.49% highlight how...