AI Chip Stocks Nvidia, AMD, Taiwan Semi Saw A Selloff This Week - What's Going On？ - Taiwan Semiconducto

Benzinga

2024-07-19 15:32

TSM shares fall despite strong Q2 profits and continued AI demand due to Trump's questioning of US obligation to defend Taiwan. Political risks rising.

　　According to Precedence Research, the global semiconductor market was valued at $584.17 billion in 2024 and is projected to grow to approximately $1.14 trillion by 2033, with a CAGR of 7.64% from 2024 to 2033. Investors can gain exposure to the semiconductor sector through Invesco Semiconductors ETFPSI and SPDR S&P Semiconductor ETFXSD.

　　Price Actions: TSM shares traded lower by 0.62% at $170.80 premarket at the last check Friday.

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