Taiwan Semiconductor Manufacturing Company (TSMC) is experiencing a decline in its stock price today, driven by concerns over potential revenue and profit margin challenges. Morgan Stanley's recent report forecasts a 5% quarter-over-quarter revenue decline for TSMC in the first quarter of 2025, primarily due to seasonal factors impacting iPhone production. Additionally, Macquarie's research suggests that TSMC's profit margins are expected to normalize starting from the second quarter of 2025, influenced by uncertainties in high-performance computing orders from China and reduced market exposure there. These factors have led to a revision of TSMC's target stock price on the Taiwan Stock Exchange from 1500 to 1450 New Taiwan Dollars.
TSMC's stock is currently trading at $202.60, down 2.77% from its previous close of $208.37.