Taiwan Semiconductor (TSMC) Posted Record Profit and the Stock Still Fell. Here's What the Market Is Worried About.
TSMC (NYSE: TSM) , the world's top contract chipmaker, posted its third-quarter earnings on Oct. 15. Its revenue and net profit surged 50% and 69%, respectively, and set new record highs. That also marked TSMC's sixth consecutive quarter of record profits. However, TSMC's stock slipped after that impressive report -- and it's still down 7% over the past month. Let's see why TSMC's stock didn't soar higher, and if it's worth buying in this choppy market. Image source: Getty Images. Continue reading