5 Biggest Losers This Week

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1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 72

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) slid nearly six percent this week after Apple Inc, one of its leading customers, scrapped plans to boost the production of its newly rolled out iPhone 14.

Moreover, Apple also reportedly refused to accept any price hike by Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) for its chips used in iPhones. Meanwhile, major clients from the gaming and PC market also plan to reduce orders amid fading demand.

On the other hand, rising inflation and geopolitical tensions between Washington and Beijing could also weigh on the results of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the near term.

You can also take a peek at 10 Best EV Materials Stocks To Buy and 10 Best Cyclical Stocks for Inflation.

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