TSMC stock slides on industry caution from management

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Wall Street Expectations,Market Growth,Company Leadership

Shares of Taiwan Semiconductor Manufacturing Company (TSM) are falling after the company posted its first quarter earnings. While the company posted a net...

) are falling after the company posted its first quarter earnings. While the company posted a net profit of $6.97 billion, beating Wall Street expectations, company leadership cut its forecast for the overall market growth, excluding memory chips, in 2024 down to 10%.Some Truth Social users bemoaned the crash, looking for someone to blame as the shares continued to tank this week.

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