Navitas Semiconductor shares fell as investors reacted to TSMC's earnings, with capex concerns and profit-taking weighing on semiconductor stocks despite strong quarterly results.

Taiwan Semiconductor Manufacturing Co. beat Q2 estimates with record profit as AI chip demand fueled growth and lifted its Q3 outlook.

TSMC posted record Q2 2026 profits with $40.2B in revenue and 77% net profit growth, yet shares dipped in premarket trade on geopolitical concerns.