Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) shares fell 1.25% to $408.82 in Wednesday’s premarket session, while Nasdaq and S&P 500 futures declined 0.56% and 0.26%, respectively. The move came as investor risk appetite weakened and growth-focused stocks retreated, with profit-taking also possible after the stock’s 81.27% gain over the past 12 months. The company plans a 3-hectare advanced packaging hub at Baipu Industrial Park in Kaohsiung to support testing, research and talent development, while targeting annual CoWoS capacity growth of more than 80% through 2027. Taiwan Semiconductor executives also described rising demand for silicon photonics (optical technology for high-speed data transmission), co-packaged optics (optics integrated with computing chips) and integrated AI systems as data-center infrastructure expands. Technical indicators show short-term weakness but a positive longer-term trend, while analysts maintain a consensus Buy rating and an average price forecast of $552. The stock’s premium valuation and lower Value score could contribute to volatility when investors become more cautious.