TSM has dropped for no logical reason

TSM

The price is down 10% for no reason other than fear. There has been no loss of intrinsic value since the peak on the 14th of Jan. Similar to ADBE, CRM, HIMX, ESTC and ARKK, to name a few, the big Friday options expiry has caused panic among retail traders and they have sold their positions. The prices should rebound as fear over the S&P dropping 50% subsides. Personally I wouldn't buy at this moment as the price could fluctuate between the 140-100 mark (risk/reward ratio of 0.9 makes it a fair gamble). However, I would suggest keeping an eye on this stock because intrinsic buyers will most likely buy back into their positions.

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Supply chains are also being further disrupted as china goes Covid zero. Chip makers expanding facilities to gain a bigger stake in 600Bn dollar market isn't out of the question.