Why Semiconductor Stocks Were Smacked Down Today

The high-flying sector caught a bit of gloom at the end of the week due to several discouraging developments.As the trading week came to a close, investors were feeling rather downbeat about the semiconductor industry. Many stocks in the sector had been flying high on the great promise of artificial intelligence (AI) boosting their results. However, some sour notes in recent earnings reports from major "chippies" -- particularly in the guidance posted by sector king Taiwan Semiconductor Manufacturing (TSM - ...