CNBC
08 Oct 2026, 05:45 UTC · 1h ago
TSMC September sales hit another record as AI boom rolls on
Impact · against what's priced in
TSMC's record September revenue confirms the AI demand the market already expects, but the slight sequential dip suggests a potential tightening of Q4 estimates. For ASML, the confirmation of TSMC's High-NA adoption is a necessary step toward the revenue targets the price already assumes, but provides no new catalyst for breaching analyst ceilings.
- TSM+0.20
Challenges what's priced in
- The price assumes
Sustained AI-driven revenue growth above 19% through 2029
The 54.6% year-over-year growth in September provides concrete data that AI demand is far exceeding the 19% growth rate the market currently assumes, supporting the bull case the price has previously declined.
What TSM's price assumes · Sep 3
