TSMC's October Sales Growth Shows Slowdown as AI Demand Becomes More Rational

Published: Nov 11, 2025 08:55

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Taiwan Semiconductor Manufacturing Co. (TSM.N) reported October revenue of NT$367.47 billion, up 16.9% YoY, marking the lowest growth rate since February 2024. On average, analysts expected the company's sales to grow 27.4% this quarter. The slowdown in TSMC's revenue growth could be another sign that AI demand is gradually returning to rationality after showing signs of a market bubble. However, TSMC's stock price has risen about 37% since the beginning of the year. As investors grow increasingly concerned about excessive valuations in the tech sector, global tech stocks faced a sell-off last week, with several Wall Street CEOs warning of a long-overdue market correction. Michael Burry, known as the "Big Short," also disclosed a short position in Nvidia through his hedge fund, Scion. Nevertheless, industry executives remain optimistic about AI-driven growth.

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