Semiconductor Stocks Slide as TSM Record Profits Fail to Lift Sector

Key Facts

1TSM stock fell 3% to $418.90 despite the company posting its sixth consecutive quarter of record profit.

2The semiconductor sector saw a broad decline with Intel shares dropping 4% and AMD sliding 3%.

TSM stock fell 3% to $418.90 despite the company posting its sixth consecutive quarter of record profit. According to 247wallst.com, the semiconductor sector saw a broad decline with Intel shares dropping 4% and AMD sliding 3%, suggesting a "sell the news" reaction from investors despite the positive earnings data.

TSM closed at $430 on October 14, 2026, while INTC closed at $98.12 on the same date. TSM Chief Executive Officer C.C. Wei stated that demand for leading-edge technologies remains extremely robust due to AI adoption, noting that the company has seen no signs of a slowdown and is working to narrow the gap between supply and demand.