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TSM · Analysis updated Nov 5, 2026, 11:47 AM ET
Why is Taiwan Semiconductor Manufacturing Company (TSMC) (TSM) stock moving?
TSMC's fundamentals are very strong. Q3 revenue was $46.72B, up 41.2%, with a 66.4% gross margin. Q4 guidance of $52.3B-$54.3B and about 44% full-year growth are strong. The share price has weakened, though. A semiconductor-wide selloff hit TSM, which fell 2.24% to $395.75 in the prior session and opened about 5% lower on Nov 5. The stock is down nearly 11% in a month and now sits near its 200-day average, below its shorter-term averages. Concerns include trade restrictions, overseas fab costs that dilute margins, capex of $60B-$64B, and Taiwan geopolitical risk. October sales due Nov 10 face a high bar set by the Q4 guidance. Analysts remain constructive, and Bernstein's target is $600. Price market data was unavailable, so the technical read relies on news reports.
News behind the analysis
- What's Going on With Taiwan Semiconductor Stock on Monday?TSM edged up less than 0.5% on its global fab expansion and a possible larger role in Elon Musk's Terafab project. It trades about 1.4% above its 200-day average and about 6% below its 20-day and 50-day averages.
- TSMC's AI Opportunity Is Expanding. Here's the Question That Matters for Its Stock PriceTSMC posted a third straight earnings beat while AI demand outstrips supply. Shares are down nearly 11% in a month, and the last close was $406.13.
- Taiwan Semiconductor Manufacturing Co Ltd Stock (TSM) Opened Down by 5.32% on Nov 5: Key Drivers UnveiledShares fell on valuation compression, trade restrictions and overseas fab costs that pressure gross margin. Technical selling and de-risking from AI hardware also weighed.
- Midterm Rally Skips Chip Stocks as TSMC ADR Falls 2.24% and Philadelphia Semiconductor Index Plunges 3.13%The TSMC ADR fell $9.05 to $395.75 while the broader market rose. Foreign investors were selling Taiwan equities heavily.
- Two Days Before Today's Selloff, Data Put Global September Chip Sales Up 146.8% Year to YearA selloff hit chip stocks, with TSM down 7.53% intraday. Global September chip sales were up 146.8% year over year.
- TSMC Reports Third Quarter EPS of NT$29.43Q3 revenue was $46.72B, up 41.2% year over year. Gross margin was 66.4%, and Q4 revenue guidance is $52.3B-$54.3B.
- TSMC Q3 2026 earnings presentationManagement expects 2026 revenue to grow about 44% in USD terms. The Q2 dividend is NT$7.00, with an ex-dividend date of Dec 10.
- TSM stock news and quoteCoverage centers on AI demand and record Q3 results. Investors are weighing heavy capex and Taiwan geopolitical risk. October sales are due Nov 10.
- TSMC Stock Price & Overview (Bernstein target raised to $600)Bernstein raised its price target to $600 from $554 and kept an Outperform rating. TSMC's $265B Arizona buildout is also driving Phoenix real estate investment.
- TSMC quarterly revenue surges to NT$1.49 trillionSeptember revenue was NT$511.86B, down 0.6% from August but up 54.6% year over year. Nine-month revenue rose 41.1%.