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Summary
TSMC (TSM) rose 1.40% to $424.37 on October 26, 2026, beating the Nasdaq Composite's 0.82% gain.
The gain carried no TSMC-specific news; Yahoo Finance tied the chip rally to Anthropic's public IPO filing.
The shares remain 12.94% below their 52-week high, and volume ran 13.52% below average.
Gotrade News - TSMC (TSM) shares closed at $424.37 on Monday, October 26, 2026, up $5.86 or 1.40% in the US session. The day's TSMC stock news carried no company-specific announcement: the gain tracked a wider rebound in chip stocks after Anthropic publicly filed for its IPO, as reported by Yahoo Finance.
TSM Trading Data
Data
Value
Closing price
$424.37
Change
+$5.86 (+1.40%)
Previous close
$418.51
Open
$418.07
Day range
$417.72 to $428.85
Volume
9.6 million shares
30-day average volume
11.1 million shares
52-week range
$266.82 to $487.47
Regular-session close on Monday, October 26, 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 October 27, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
TSM opened at $418.07, dipped to a low of $417.72 and climbed as high as $428.85 before settling $6.65 above the day's low. Volume came in at 9.6 million shares, 13.52% below the 11.1 million share average, so the rebound ran on lighter trading than usual.
The stock beat the broad market. The Nasdaq Composite rose 0.82% to 26,169.38, and TSM outpaced it by 0.58 percentage points, while the S&P 500 gained 0.70% to 7,676.77 and the Dow Jones Industrial Average added 0.28% to 52,361.58. The US 10-year Treasury yield ended the session at 4.99%, down 0.2 basis points.
Other chipmakers ran harder. Nvidia (NVDA) gained 2.39%, AMD 2.80%, Broadcom 2.33%, Micron (MU) 2.98% and Intel (INTC) 4.04%, while ASML rose 1.22%. At the close, TSM stood 12.94% below its 52-week high of $487.47 and 59.05% above its 52-week low of $266.82.
No report we read tied Monday's gain to news from TSMC itself. According to Yahoo Finance, chip stocks including Nvidia, Broadcom and Micron jumped after Anthropic publicly submitted its IPO filing, which disclosed more than $16 billion in first-half revenue and revived the AI trade ahead of a busy week of tech earnings.
The same coverage reported that Anthropic spent $9 billion on AI infrastructure in the first six months of 2026, ahead of the $7.3 billion it spent in all of 2025. Those figures put fresh numbers on the AI spending that chipmakers depend on, and the sector moved as a group.
TSMC's own most recent update was its third-quarter earnings report, released October 15. According to the company's official release, CFO Wendell Huang said the quarter "was supported by strong demand for our leading-edge process technologies" and expects that demand to continue in the fourth quarter, helped by the ramp of its 2-nanometer technology.
TSM Stock Analysis: Supporting Factors and Risks
Supporting Factors
Growth: TSMC reported third-quarter revenue of US$46.72 billion, up 41.2% from a year earlier, with net income up 68.7%, and guided fourth-quarter revenue to US$52.3 billion to US$54.3 billion, per its release.
Technology mix: chips made at 7 nanometers and below accounted for 79% of wafer revenue in the third quarter, and the newest 2-nanometer node reached 8%, according to the same release.
Estimates: Zacks reported that the consensus estimate for TSMC's current-year earnings rose 3.1% over the past month to $17.07 per share.
Risks
Thin trading: Monday's gain came on volume 13.52% below average, and the shares remain 12.94% below their 52-week high.
Margins: TSMC guided fourth-quarter gross margin to 65% to 67%, a range that starts below the third quarter's 66.4%.
Competition: per Motley Fool, Intel Foundry grew second-quarter revenue 31% to $5.8 billion and has drawn recent investment from Nvidia and the US government, though it still ran an operating loss.
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.
