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TSMC shares in focus on return from holiday after DeepSeek jolt

Bloomberg
Bloomberg • 2 min read
TSMC shares in focus on return from holiday after DeepSeek jolt
A strategist at Jefferies said he would reduce holdings in Nvidia and TSMC in its global long-only equity fund, given the “potentially dramatic implications” of DeepSeek. Photo: Bloomberg
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Taiwan Semiconductor Manufacturing Co. will be in focus as shares resume trading on Monday after a global selloff in artificial intelligence-linked stocks last week.

Investors were caught off-guard by news of Chinese start-up DeepSeek’s AI model that almost rivaled leading US developers, causing a rout in chip stocks while Taiwan was closed for the Lunar New Year holiday.

The US-listed shares of TSMC fell 13% last Monday on the news before recouping some of the losses later in the week.

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