TSMC stock gains 1.53 percent as AI demand lifts estimates

TSMC stock (ISIN US8740391003) reached USD 451.95 on the Nasdaq on September 23, 2026, gaining 1.53 percent from the previous close of USD 445.14. The move keeps the ADR 5.65 percent below its 52-week high of USD 479.00, while AI demand continues to support higher earnings expectations.

AI demand supports higher targets

As MarketBeat reported on September 22, 2026, TSM shares traded near USD 452 as strong AI-chip demand supported the sector. The report cited a consensus Buy rating and an average price target of USD 523.22, which is USD 71.27 above the September 23 price.

MarketBeat also reported that TSMC is expanding advanced packaging capacity to serve Nvidia and other chip designers. The same report cited gross margin of 68 percent, making capacity efficiency and profitability central to the current valuation.

Revenue rose 33.7 percent

According to FTV News on September 23, 2026, TSMC reported second-quarter revenue of USD 40.2 billion, up 33.7 percent year over year, while earnings per share reached USD 4.31. The figures exceeded market expectations and marked the fourth consecutive quarter in which revenue and profit beat Wall Street forecasts, according to the report.

The same September 23 report placed current-quarter revenue expectations at USD 45.54 billion, up 37.6 percent year over year, with earnings per share forecast at USD 4.45, an increase of 52.4 percent. These estimates explain why the average target of USD 523.22 remains above the latest market price, although the target is a consensus measure rather than a guaranteed outcome.

Stock remains below the yearly high

The Nasdaq quotation reached an intraday high of USD 452.88 and a low of USD 441.28 on September 23, 2026, with volume of 8.9 million shares. Market capitalization stood at USD 2.01 trillion on the same date, while the 52-week range was USD 265.45 to USD 479.00.

For investors, the key comparison is between accelerating AI-related demand and the valuation already reflected in the share price. A gross margin of 68 percent and projected quarterly revenue growth of 37.6 percent provide measurable support, while the 5.65 percent gap to the yearly high shows that the stock has not yet returned to its June peak.

TSMC stock closes at USD 451.95

TSMC stock stood at USD 451.95 on the Nasdaq as of September 23, 2026, compared with a 52-week high of USD 479.00 and a 52-week low of USD 265.45. The quotation was accompanied by a market capitalization of USD 2.01 trillion and volume of 8.9 million shares.

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