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TSMC posts record quarter — but expectations are now ‘exceptionally high,' says fund manager

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TSMC posts record quarter — but expectations are now ‘exceptionally high,' says fund manager

TSMC shares fell on Thursday after a record quarter, with a fund manager warning the stock’s valuation is now “exceptionally high.” The move appears driven by profit-taking and expectations of elevated risk rather than any cited operational deterioration.

Analysis

TSMC shares fell on Thursday after a record quarter, with a fund manager warning the stock’s valuation is now “exceptionally high.” The move appears driven by profit-taking and expectations of elevated risk rather than any cited operational deterioration.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

TSM-0.15