Is TSMC talking about a reform meeting? ADR plummets, Huida, AMD face green

TSMC held its legal meeting on the 15th and released a brilliant report card. Unexpectedly, it was difficult to resist the selling pressure of technology stocks. After the US stock market opened, TSMC's ADR fell more than 4% intraday. Technology stocks such as Huida and AMD also plummeted. Memory groups Micron and SanDisk simultaneously plummeted.

According to foreign media reports, U.S. stocks had divergent trends on Thursday (15th). The market was worried that technology giants were burning excessive money in the field of AI. In addition, the latest wholesale inflation data in the United States far exceeded expectations, dragging technology stocks down for the second consecutive trading day. The S&P 500 fell, the Nasdaq tumbled, and the Dow Jones Industrial Average bucked the trend and rose.

The share price of AI cloud computing company CoreWeave plunged another 8% on the 15th, after falling more than 15% on the previous trading day. This was mainly due to investors' concerns that the company had borrowed too much to expand AI infrastructure, which in turn pushed up corporate bond yields.

In addition, AI start-up Anthropic's revenue in the third quarter reached US$16.8 billion. There are still traders questioning whether its growth rate can support the high valuation of chip stocks, causing market concerns. Micron Technology fell 4% during the session, AMD fell 5%, SanDisk fell 6%, and SK Hynix ADR also fell sharply. TSMC ADR plunged more than 4% intraday, and Huida also fell more than 2%.

At 22:10 Taipei time on the 15th, the Nasdaq fell 197 points to 26,494 points, the S&P 500 index fell 16 points to 7,702 points, Philadelphia Semiconductor fell 425 points to 11,258 points, and the Dow Jones bucked the trend and rose 238 points to 51,859 points. The Taiwan Index futures fell more than 400 points in night trading, but later narrowed the decline, falling 51 points to 46,880 points.