Taiwan's chip and tech stocks are riding a wave of AI demand, good news for investors in TSMC and the wider Taiwan market.

• TSMC reports third-quarter results on October 15, and analysts expect revenue and profit margins to come in above the company's own guidance.
• AI chip orders plus the iPhone build season are driving the beat, and analysts see TSMC raising prices across its most advanced manufacturing in 2027 because capacity is sold out.
• Analysts keep TSMC as their top pick in chips, with a target price well above current levels and capital spending set to climb.
• Taiwan's main index is expected to push past 50,000 points within days, with TSMC leading the charge.
• Oil refiner Formosa Petrochemical is also booming as damage to Middle East and Russian refineries keeps fuel supply tight and refining profits high.

Outlook: The earnings call is the next big test, with attention on 2027 spending plans, a possible Texas plant, and whether price hikes land as expected.