On July 17, Analog Devices fell 3.03% in pre-market trading, trading at $369.0/share, with turnover of $1.9527 million.

On the news front, TSMC's Q2 earnings report landed with record-breaking results — net profit surging 77.4% year-over-year to NT$706.6 billion and gross margin hitting a historic high of 67.7% — yet triggered a classic buy-the-expectation, sell-the-fact reaction. The company simultaneously raised its full-year capital expenditure guidance from $52–56 billion to $60–64 billion, sparking concerns over margin compression and cost pressures from advanced node ramp-ups. The Philadelphia Semiconductor Index declined over 3%, as TSMC's approximately 77% gain over the past year had already priced in the AI boom narrative, prompting concentrated profit-taking upon earnings confirmation.

Within the Semiconductor sector, Micron Technology fell 2.92%, NVIDIA fell 2.76%, Advanced Micro Devices fell 3.76%, Intel fell 3.97%, and Taiwan Semiconductor Manufacturing fell 3.54%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)