Taiwan Semiconductor Manufacturing Co Ltd Stock (TSM) Moved Down by 3.11% on Aug 24: Facts Behind the Movement
TradingKey·
- Taiwan Semiconductor Manufacturing Co Ltd stock declined by 3.11% on Aug 24 amid profit-taking, valuation adjustments, and broader macroeconomic headwinds across the technology sector.
- The pullback was driven by institutional investors rebalancing portfolios, concerns over surging capital expenditures scaling up to $60 billion to $64 billion for advanced nodes, and lingering geopolitical risks.
- Technical indicators showed a MACD value of -0.892, an RSI of 43.978, and a Williams %R of 99.304, while the company reported an annual revenue of $122.22B and a net profit of $55.12B.