US Stock Market Movement: TSMC plunged on October 8 due to weakness in the AI sector, rising oil prices, and cooling partnerships

Interpretation of TSMC’s Sharp Decline on October 8

Keywords: AI sector weakness, rising oil prices, cooling cooperation

1. On October 8, the Federal Reserve's meeting minutes showed a hawkish tone and international oil prices rose significantly. US tech and chip stocks generally weakened, with companies like Nvidia and Texas Instruments seeing declines, causing pressure on the sector that includes TSMC.

2. On October 8, it was revealed that OpenAI’s annualized revenue was lower than previous market estimates, pressuring related artificial intelligence companies and chip stocks and dampening short-term expectations for the AI industry chain.

3. On October 8, Elon Musk stated that Tesla and SpaceX would build and operate Terafab independently, with TSMC only potentially leasing some facilities. Expectations for TSMC’s involvement in the project cooled.

4. On October 8, TSMC announced that its September revenue decreased by 0.6% month-over-month. Detailed third-quarter results and profit margin guidance are still pending disclosure on October 15. Given high valuation expectations, the strong revenues were not enough to fully offset short-term profit-taking pressure.

(Disclaimer: This content is summarized and generated by AI technology from publicly available information and is for reference only. It does not constitute investment advice.)