{
  "id": 14784894,
  "title": "TSMC posts strong third-quarter results, but shares drop amid AI selloff",
  "url": "https://urgent.news/2026/10/15/tsmc-posts-strong-third-quarter-results-but-shares-drop-amid-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-15T20:23:44.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/10/15/tsmc-posts-strong-third-quarter-results-but-shares-drop-amid-ai-selloff/"
  },
  "original_language": "en",
  "account": "Taiwan Semiconductor Manufacturing Co. (TSMC) reported strong third-quarter financial results, outpacing expectations, while its shares fell by 2% due to a decline in AI stocks. The decrease followed a Twitter post about CoreWeave Inc., an AI cloud provider, revealing the company's high debt levels. Investors quickly sold off shares of AI-related companies, impacting chipmakers such as Samsung Electronics Co. and SK hynix Inc., which dropped more than 8%. Intel Corp. also experienced a 6.6% drop. However, Nvidia CEO Jensen Huang reassured that CoreWeave’s cost of capital was decreasing, which may help manage debt issues. The AI sector significantly contributed to TSMC's revenue, accounting for 68% of the $46.36 billion generated. The high-performance computing segment, including Nvidia graphics cards, drove this growth, surpassing Wall Street's forecast of $45.4 billion. TSMC's three-nanometer process, integral to high-performance computing, accounted for 33% of sales. The company has recently completed the construction of its three-nanometer Fab 2 plant in Arizona, with mass production expected to start in Q3 2027. TSMC's revenue growth was bolstered by rising demand for auto chips (up 22% YoY) and smartphone manufacturers (up 10%). This surge in revenue led to a remarkable 69% increase in net income to $23.57 billion, exceeding analyst projections. Moving forward, TSMC aims to bolster its two-nanometer process capacity to maintain growth momentum and has announced a significant increase in capital expenditures over the next two years to fuel its expansion plans.",
  "summary": "Taiwan Semiconductor Manufacturing Co. today posted better-than-expected financial results for the third quarter, but its shares nevertheless dropped 2%. The dip is tied to a broader selloff in artificial intelligence stocks. Investors started offloading shares on Wednesday in response to an X post about the debt load of CoreWeave Inc., an AI cloud provider. The […] The post TSMC posts strong…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Giant Taiwanese chipmaker TSMC confirms it’s in talks with Elon Musk to join ‘Terafab’ complex in Texas: ‘The AI market continues to be very strong’",
        "url": "https://urgent.news/2026/10/15/giant-taiwanese-chipmaker-tsmc-confirms-its-in-talks-with-elon-musk",
        "published": "2026-10-15T14:16:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}