Taiwan Semiconductor Manufacturing Co Shares Resume Trading After AI Stock Selloff
AI-Generated Summary
TSMC shares are resuming trading after a major selloff in AI-linked stocks, sparked by a competitive AI model from Chinese startup DeepSeek.
Taiwan Semiconductor Manufacturing Co. will draw attention as its shares resume trading on Monday following a global selloff of artificial intelligence-linked stocks last week.
Investors were taken by surprise by the news of Chinese startup DeepSeek's AI model, which nearly matched the capabilities of leading US developers. This development triggered a significant decline in chip stocks while Taiwan was observing the Lunar New Year holiday.
The US-listed shares of TSMC experienced a 13% drop last Monday in response to the news but managed to recoup some of those losses later in the week.
