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Summary
TSMC (TSM) closed at $405.49 on November 12, 2026, down 1.90%, a steeper fall than the Nasdaq Composite's 0.39% drop.
Financial media tied the decline to Nvidia's announcement that CEO Jensen Huang had resigned, effective immediately.
The move came two days after TSMC reported October revenue of about NT$586.89 billion, up 59.7% year over year, and left the shares 16.82% below their 52-week high.
Gotrade News - In the latest TSMC stock news, Taiwan Semiconductor Manufacturing (TSM) closed at $405.49 on Thursday, November 12, 2026, down $7.86, or 1.90%, in the US session.
Financial media tied the fall in TSMC stock to Nvidia's announcement that CEO Jensen Huang had resigned, news that GuruFocus said hit the AI chip supply chain.
TSM Trading Data
Data
Value
Closing price
$405.49
Change
-$7.86 (-1.90%)
Previous close
$413.35
Open
$394.62
Day range
$393.91 to $411.77
Volume
11.4 million shares
30-day average volume
13.5 million shares
52-week range
$266.82 to $487.47
Regular-session close on Thursday, November 12, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 13, 2025. Indices: Yahoo Finance daily closes for the same date.
TSM opened at $394.62, close to its day low of $393.91, and climbed as high as $411.77 during the session. It finished $11.58 above the day's low but below the day's high.
Trading was lighter than usual, with 11.4 million shares changing hands, 15.93% below the average of 13.5 million shares.
The stock fell further than the broad market. The Nasdaq Composite slipped 0.39% to 25,366.09, the S&P 500 eased 0.35% to 7,592.40 and the Dow Jones Industrial Average lost 0.36% to 52,297.09, leaving TSM 1.51 percentage points behind the Nasdaq.
Chip stocks moved in both directions. Nvidia (NVDA) fell 4.34%, ASML dropped 2.43% and Intel slipped 2.08%, while AMD rose 5.86% and Broadcom gained 5.54%.
At the close, TSM stood 16.82% below its 52-week high of $487.47 and 51.97% above its 52-week low of $266.82.
Why TSMC Stock Fell
According to NVIDIA's announcement on November 12, Jensen Huang resigned as president, chief executive officer and a member of the board, effective immediately. Chief financial officer Colette Kress agreed to serve as interim CEO while the board searches for a permanent successor, and Nvidia shares closed down 4.34% that day.
Financial media tied TSMC's decline to the Nvidia news. As reported by GuruFocus, the shares fell in early trading as Huang's departure hit the AI chip supply chain, two days after TSMC reported its biggest month ever.
Per TSMC's October 2026 revenue report, released on November 10, October revenue was approximately NT$586.89 billion, up 14.7% from September and 59.7% from October 2025. Revenue for January through October totaled NT$4,485.62 billion, up 43.3% from the same period in 2025.
TSM Stock Analysis: Supporting Factors and Risks
Supporting Factors
Monthly sales growth: TSMC's October revenue rose 59.7% year over year to about NT$586.89 billion, according to the company.
Year-to-date growth: revenue for the first ten months of 2026 was up 43.3% from a year earlier, per the same report.
AI infrastructure spending: Zacks cited IDC data showing global AI infrastructure spending of $121.4 billion in the second quarter, up 53.3% year over year.
Risks
Leadership change at Nvidia: Nvidia is led by an interim CEO while its board searches for a permanent one, and GuruFocus said the resignation hit the AI chip supply chain.
Pressure on the AI trade: Zacks noted that investors are questioning valuations, whether hyperscaler capital spending can be sustained and how long returns on AI spending will take, with rising inflation and higher Treasury yields adding pressure.
Sector swings: the iShares Semiconductor ETF fell 12.1% in the November 5 sell-off, according to Zacks.
GuruFocus pointed to TSMC's November sales report, which it expects in early December (an estimate, not a confirmed date), as the next data point for the stock.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
