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Summary
TSMC (TSM) fell 2.24% to $395.75 on November 4, 2026, while the Nasdaq Composite rose 1.44%.
CNBC reported that names linked to the data center build-out fell on worries about a backlash to the industry after Democrats' midterm wins.
TSM now sits 18.82% below its 52-week high, and its October sales report is listed for November 10.
Gotrade News - In the latest TSMC stock news, TSMC (TSM) fell 2.24% to close at $395.75 on Wednesday, November 4, 2026, a down day for TSMC stock even as the broader US market rallied. Financial media tied the weakness in AI and data center names to worries about a backlash against the data center industry after Democrats' midterm wins.
TSM Trading Data
Data
Value
Closing price
$395.75
Change
-$9.05 (-2.24%)
Previous close
$404.80
Open
$400.64
Day range
$391.61 to $410.59
Volume
14.5 million shares
30-day average volume
11.1 million shares
52-week range
$266.82 to $487.47
Regular-session close on Wednesday, November 4, 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 5, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
TSM opened at $400.64, below the previous close of $404.80, and climbed as high as $410.59 before turning lower. It slipped to a session low of $391.61 and closed just $4.14 above that low, near the bottom of the day's range. Volume reached 14.5 million shares, 30.82% above the 11.1 million share average, so the decline came on heavier trading than usual.
The move ran against the market. The Dow Jones Industrial Average jumped 3.03% to 53,356.12, the S&P 500 gained 1.58% to 7,688.62 and the Nasdaq Composite rose 1.44% to 25,736.51, leaving TSM 3.68 percentage points behind the Nasdaq. The US 10-year Treasury yield fell 5.8 basis points to 4.89%.
Several chip names fell with TSMC. Nvidia (NVDA) lost 3.17% to $200.13, ASML (ASML) dropped 3.60% to $1,496.30 and Micron (MU) fell 7.00% to $795.23. After the session, TSM sits 18.82% below its 52-week high of $487.47 and 48.32% above its 52-week low of $266.82.
No source we reviewed names a TSMC-specific reason for Wednesday's decline. The stock fell with AI-linked chip stocks while the major indices rallied.
The session came the day after the November 3 midterm elections, in which Democrats flipped control of the House and Senate, as reported by CNBC. In Texas, Democrat Gina Hinojosa won the governor's race after calling for tougher restrictions on data center development. Per CNBC, names linked to the data center build-out fell on Wednesday on worries about a backlash to the industry, while Jordan Watson, a portfolio manager at Tandem Investment Advisors, said the rotation away from artificial intelligence names "could be temporary."
According to CBS News, LPL Research's Jeff Buchbinder said federal policy implications may be limited in a divided government, but that data center policy decisions sit at the state and utility-commission level, potentially increasing regulatory pressure on AI infrastructure stocks including semiconductors.
TSM Stock Analysis: Supporting Factors and Risks
Supporting Factors
TSMC guided fourth-quarter revenue to $52.3 billion to $54.3 billion, against about $46.7 billion in the third quarter, with a gross margin of 65% to 67%, according to its October 15 presentation as reported by GuruFocus.
LPL Research continues to expect the data center buildout to occur, CBS News reported.
Risks
CNBC reported that Asian chip stocks fell on Thursday amid concerns that a Democratic-controlled Congress could usher in tighter restrictions on data center development.
TSMC reports monthly sales in Taiwan dollars, so currency moves affect comparisons with its US dollar guidance, and GuruFocus noted that revenue alone cannot show whether product mix and margins are on target.
TSMC's financial calendar lists its October sales report for November 10 at 1:30 p.m. Taipei time, a date GuruFocus says may change.
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.
