Nova and Microchip Technology Shares Fall as TSMC Capex Reset Triggers Semiconductor Selloff

Price ActionEarnings Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Nova and Microchip Technology shares fell sharply after TSMC raised its capital expenditure guidance, triggering a broader semiconductor selloff. Nova dropped 5.7% and Microchip Technology declined 5.3% as investors reacted to TSMC's increased spending plan of $60–$64 billion, up from a prior ceiling of $56 billion, despite a record profit beat and a raised full-year 2026 revenue growth outlook to slightly above 40%. The higher capex, along with warnings of margin dilution from overseas expansion and 2-nanometer ramp costs, shifted focus to free cash flow compression and pressured sector valuations. The selloff compounded a decline that began with ASML the day before, as the market reassessed the cost of scaling AI manufacturing capacity.

Impact on stocks 7

Semiconductors▼ · 4 stocks
Microchip Technology Inc
MCHP
▼ NegativeCapitalrelevance

TSMC's higher capex triggered sector-wide valuation pressure on free cash flow, dragging Microchip Technology down 5.3%.

ASML Holding N.V.
ASML
▼ NegativeCapitalrelevance

ASML's prior decline compounded the selloff, as market reassessed costs of scaling AI manufacturing capacity.

Information Technology▼ · 1 stocks
Nova Ltd
NVMI
▼ NegativeCapitalrelevance

Nova fell 5.7% as TSMC's capex reset led to a semiconductor selloff, compressing valuations.

Quantum Computing▲ · 1 stocks
Others▲ · 1 stocks
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