Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) has reached new all-time highs in September, propelled by strong demand for AI chips and other products. TSM’s ADR closed at $485.80 on October 5, after touching a new intra-day high of $487.47. September sales are scheduled for release on October 8 and TSM is expected to report earnings on October 15.

What is interesting is how many components of the growth story are moving at the same time. 2nm has started generating revenue, HPC is the dominant segment on the platform, and management raised the 2026 capex guidance to fund further capacity. To add to all this, TSMC is considering adding further capacity in the US, in addition to their existing plans in Arizona. With all of this…