Nvidia, Intel, and Micron Fall Despite TSMC's Record Results

Shares of several US semiconductor companies opened the day in the red despite TSMC's solid quarterly results.

Nvidia, Intel, Micron, and other chipmakers posted losses as investors weighed sector valuations and growth outlooks.

Volatility among chip companies

The semiconductor market has seen strong growth from demand for processors used in artificial intelligence.

However, some investors worry tech stocks have climbed too fast and that companies now need to prove they can sustain such high growth rates.

Upcoming earnings from Nvidia, Intel, and other companies will be important for gauging the industry's real health.