TSMC Stocks Fall 2.21% as NVIDIA Shake-Up Overshadows Record October Revenue

What happened

TSMC shares fell 2.21% in early trading on November 12 after NVIDIA’s CEO resignation hit the AI chip supply chain, despite TSMC reporting record October revenue of about NT$586.89 billion, up 14.7% from September and 59.7% from a year earlier.

Confirmed

Global impact / market context

The contrast suggests investors may be reacting to concern about disruption in the AI chip supply chain rather than TSMC’s reported sales. If the leadership change affects NVIDIA’s plans or orders, TSMC’s future chip demand and revenue could come under pressure; October’s strong results do not settle that question.

Analyst inference

TSMC’s October revenue and year-to-date sales were higher than in the comparable periods described, while its shares fell after the NVIDIA news. The article therefore presents a gap between recent sales performance and investor reaction, but does not establish that the resignation will change chip orders.

Analyst inference

What to watch

1. TSMC’s November sales report is expected in early December; compare its revenue with October’s record to see whether recent growth continued. Confirmed
2. NVIDIA’s November 17 call may provide order commentary, which means updates on chip purchases that could clarify whether the leadership change affects TSMC demand. Confirmed
3. If NVIDIA signals weaker chip needs, TSMC could face slower revenue growth; if orders remain strong, the share decline may prove short-lived, though neither outcome is established. Analyst inference

Evidence

• gurufocus.com