Investors Business Daily
05 Oct 2026, 22:01 UTC · 3h ago
Nasdaq Scores Record High As Oil Falls; Nvidia Hits New Highs
Impact · against what's priced in
The record highs for the Nasdaq and individual tech names are technical events that do not provide fundamental evidence for the aggressive growth trajectories the market is currently discounting. For NVDA, TSM, and TSLA, price momentum alone does not resolve the core doubts regarding long-term revenue CAGRs or robotaxi commercialization.
- TSM+0.00
Already priced in
- The price assumes
Near-term AI demand through 2026
The rally alongside other tech stocks confirms current AI demand, which is already fully reflected in the current valuation.
What TSM's price assumes · Sep 3
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