Taiwan Semiconductor is Right Back to Where It Was a Month Ago: Pull The Trigger?
Taiwan Semiconductor Manufacturing Company (TSMC) reported a record profit for the sixth straight quarter, beating estimates due to a rush of AI orders. Despite reporting third quarter earnings per share of NT$29.43 and forecasting increased revenue for the fourth quarter, the company's stock price declined. Investors appear cautious despite extremely robust demand for AI chips, with the stock sliding back to price levels seen one month ago. The decline coincides with broader losses for chipmakers Intel and AMD.
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- ✓ TSMC posted record profit for a sixth straight quarter.
- ✓ The company reported third quarter earnings per share of NT$29.43.
- ✓ TSMC forecasts an increase in revenue for the fourth quarter.
- ✓ The company's stock price dropped despite the record profits.
What changed
TSMC reported its third quarter EPS of NT$29.43 and a sixth consecutive record profit quarter.
Live updates
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TSMC Stock Slips Despite Sixth Consecutive Record Profit Quarter
Taiwan Semiconductor Manufacturing Company (TSMC) reported a record profit for the sixth straight quarter, beating estimates due to a rush of AI orders. Despite reporting third quarter earnings per share of NT$29.43 and forecasting increased revenue for the fourth quarter, the company's stock price declined. Investors appear cautious despite extremely robust demand for AI chips, with the stock sliding back to price levels seen one month ago. The decline coincides with broader losses for chipmakers Intel and AMD.
Why it matters
TSMC is the primary manufacturer for the global AI hardware boom. The current tension between record financial performance and falling stock prices reflects investor anxiety over the future trajectory of AI hardware demand and geopolitical pressures.
What is confirmed
- TSMC posted record profit for a sixth straight quarter.
- The company reported third quarter earnings per share of NT$29.43.
- TSMC forecasts an increase in revenue for the fourth quarter.
- The company's stock price dropped despite the record profits.
Still unconfirmed
- TSMC stock is facing pressure from escalating U.S.-China chip export controls.
- Needham has a price target of $560 for TSMC.
- TSMC is engaged in talks regarding Texas.
What to watch next
- Updates on U.S.-China chip export controls
- Fourth quarter revenue results
- Confirmation of Texas facility plans
confidence 90%Sources used for this update (16)
- CNBC — TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom
- Bloomberg.com — TSMC’s Profit Surpasses Expectations After AI Orders Rush In
- Reuters — TSMC forecasts increase in Q4 revenue after posting sixth straight quarter of record profit
- TSMC — TSMC Reports Third Quarter EPS of NT$29.43|Taiwan Semiconductor Manufacturing Company Limited
- Yahoo Finance — TSMC stock drops despite record profit amid 'extremely robust demand' for AI chips
- CNBC — TSMC chip capacity is ‘fierce’ battleground for AI customers, amid record quarter
- 24/7 Wall St. — Taiwan Semiconductor is Right Back to Where It Was a Month Ago: Pull The Trigger?
- Yahoo Finance — Prediction: $1,000 Invested in Taiwan Semi (TSMC) Today Will Be Worth This Much by 2030.
- Financial Times — Chipmaker TSMC profits surge amid relentless AI demand
- Seeking Alpha — TSMC: The AI Cycle Just Sent Another Signal (NYSE:TSM)
- finance.yahoo.com — Taiwan Semiconductor is Right Back to Where It Was a Month ...
- www.fool.com — TSMC Just Posted Record Profit for the Sixth Straight Quarter ...
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