The author has added to Taiwan Semiconductor (TSM) after the stock fell 15.69% over the past month to 398.61 USD, arguing that every advanced AI chip is made at TSMC's fabs. Third-quarter revenue reached 46.72 billion USD, up 41.2% in USD terms, and management raised its 2026 growth outlook to about 44%. Gross margin was 66.4%, free cash flow 14.90 billion USD, and the quarterly dividend rose from NT$6.00 to NT$7.00. The author skips NVIDIA, trading at about 41 times earnings, and Intel, whose foundry segment posted a 1.85 billion USD operating loss in Q3. The main risks cited are cross-strait tensions over Taiwan and overseas expansion costs that dilute margins.
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TSMCsemiconductorsartificial intelligencegeopoliticsearnings
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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