StocksMedium•11 November 2026•
1 min read
TSMC Shares Jump 5% After Record October Revenue Driven by AI Demand
Key Facts
1TSMC reported record October revenue of NT$586.89 billion, representing a 59.7% year-over-year increase.
2The company raised its full-year U.S. dollar revenue growth forecast to approximately 44% driven by robust AI demand.
3TSMC approved strategic investments of up to $1 billion in Anthropic and OpenAI.
TSMC reported record October revenue of NT$586.89 billion, representing a 59.7% year-over-year increase. TradingKey reported that the company raised its full-year U.S. dollar revenue growth forecast to approximately 44% driven by robust AI demand. Furthermore, TSMC approved strategic investments of up to $1 billion in Anthropic and OpenAI to strengthen its ties with core AI model developers.
TSM shares closed at $396.48 on November 10, 2026, before surging 5% in pre-market trading following the announcement. The record monthly performance brings cumulative revenue growth for the first ten months of the year to 43.3% year-over-year. Alongside the revenue beat, the company increased its third-quarter cash dividend to NT$9 per share.