Taiwan Semiconductor Manufacturing Company (TSM) stock fell nearly 6% out of the gate Thursday despite the company beating analysts' top- and bottom-line estimates for its first quarter.
In the three months ended March 31, the Taiwan-based chip manufacturer, whose clients include Magnificent 7 stocks Nvidia (NVDA) and Apple (AAPL), said revenue increased 12.9% year-over-year to $18.9 billion.
