Semiconductors

NVIDIA Corporation vs Taiwan Semiconductor Manufacturing Company Ltd.

WatchlistNVDA / TSMPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($5232B vs $2179B) in Nasdaq's "Semiconductors" industry; SEC SIC 3674 / 3674 (same major group); #1 and #2 by market value ($5232B vs $2179B) with SEC SIC 3674 (Semiconductors & Related Devices).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.86 (needs <= -2.873 (5% critical value))
Business leadership

Business size

Annual revenue reported to the SEC. Scale, not market share.

YearNVDATSMLarger
2025$215.9B--
2024$130.5B--
2023$60.9B--
2022$27.0B--
2021$26.9B--
2020$16.7B--

Market value: NVDA $5.23T, TSM $2.18T.

Stock leadership

TSM is ahead now

Measured against the pair's own last 252 trading days.

TSM leads NVDA by 0.41 standard deviations: +4.3% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
NVDA+2.6%+6.3%+17.1%
TSM+2.2%+7.8%+40.0%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.66 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.86 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 30.29 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

NVDA NVIDIA Corporation TSM Taiwan Semiconductor Manufacturing Company Ltd.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150200250Oct 2024Oct 2025Oct 2026NVDA 154TSM 205
Spread z-score: NVDA relative to TSM, against the 252 sessions before each day. Above 0: NVDA ahead; below 0: TSM ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateNVDA indexTSM indexzAhead
2026-10-22153.78205.37-0.41near the usual relationship
2026-10-21160.85215.11-0.43near the usual relationship
2026-10-20156.86211.71-0.53TSM ahead
2026-10-19157.31209.29-0.39near the usual relationship
2026-10-16155.17205.50-0.35near the usual relationship
2026-10-15157.41210.30-0.44near the usual relationship
2026-10-14160.36214.16-0.45near the usual relationship
2026-10-13165.59221.70-0.48near the usual relationship
2026-10-12164.00221.31-0.56TSM ahead
2026-10-09166.14225.77-0.63TSM ahead
2026-10-08167.01228.11-0.69TSM ahead
2026-10-07172.08235.18-0.70TSM ahead
2026-10-06173.36240.21-0.84TSM ahead
2026-10-05173.12241.96-0.93TSM ahead
2026-10-02169.53235.47-0.87TSM ahead
2026-10-01167.29228.71-0.73TSM ahead
2026-09-30165.49227.21-0.78TSM ahead
2026-09-29164.64227.58-0.85TSM ahead
2026-09-28165.84225.56-0.70TSM ahead
2026-09-25163.09224.43-0.82TSM ahead
2026-09-24162.74224.70-0.85TSM ahead
2026-09-23163.41222.42-0.73TSM ahead
2026-09-22165.85225.12-0.71TSM ahead
2026-09-21164.77221.71-0.64TSM ahead
2026-09-18161.07216.49-0.63TSM ahead
2026-09-17158.94214.29-0.67TSM ahead
2026-09-16155.00208.05-0.63TSM ahead
2026-09-15153.75206.07-0.63TSM ahead
2026-09-14152.87208.19-0.77TSM ahead
2026-09-11158.18215.78-0.79TSM ahead
2026-09-10158.23213.18-0.69TSM ahead
2026-09-09162.08216.83-0.64TSM ahead
2026-09-08163.57218.65-0.64TSM ahead
2026-09-04166.93213.62-0.27near the usual relationship
2026-09-03165.54207.69-0.11near the usual relationship
2026-09-02162.62206.94-0.24near the usual relationship
2026-09-01157.57206.20-0.47near the usual relationship
2026-08-31159.99206.85-0.38near the usual relationship
2026-08-28157.64207.95-0.55TSM ahead
2026-08-27165.20212.82-0.37near the usual relationship
2026-08-26151.93208.03-0.85TSM ahead
2026-08-25154.38207.89-0.73TSM ahead
2026-08-24151.07204.26-0.76TSM ahead
2026-08-21155.59208.66-0.71TSM ahead
2026-08-20157.14207.19-0.58TSM ahead
2026-08-19157.65205.24-0.49near the usual relationship
2026-08-18159.23205.90-0.45near the usual relationship
2026-08-17163.05214.65-0.59TSM ahead
2026-08-14163.16212.35-0.51TSM ahead
2026-08-13163.26214.41-0.58TSM ahead
2026-08-12162.38213.74-0.60TSM ahead
2026-08-11157.61210.21-0.70TSM ahead
2026-08-10157.64208.42-0.65TSM ahead
2026-08-07162.29209.20-0.48near the usual relationship
2026-08-06158.69208.29-0.61TSM ahead
2026-08-05158.86206.20-0.54TSM ahead
2026-08-04153.58207.77-0.83TSM ahead
2026-08-03149.74202.27-0.82TSM ahead
2026-07-31145.47201.34-1.00TSM ahead
2026-07-30141.33200.87-1.19TSM ahead
2026-07-29137.69186.61-0.87TSM ahead
2026-07-28142.76195.39-0.94TSM ahead
2026-07-27142.40198.77-1.09TSM ahead
2026-07-24149.88200.92-0.82TSM ahead
2026-07-23151.28206.98-0.96TSM ahead
2026-07-22153.67209.79-0.96TSM ahead
2026-07-21150.21211.48-1.17TSM ahead
2026-07-20147.30200.37-0.95TSM ahead
2026-07-17146.96198.41-0.91TSM ahead
2026-07-16150.29204.07-0.95TSM ahead
2026-07-15153.99208.93-0.95TSM ahead
2026-07-14153.48209.38-1.00TSM ahead
2026-07-13147.49209.97-1.29TSM ahead
2026-07-10152.87216.21-1.26TSM ahead
2026-07-09146.94217.63-1.58TSM ahead
2026-07-08147.91217.64-1.55TSM ahead
2026-07-07142.70215.44-1.74TSM ahead
2026-07-06141.70225.02-2.10TSM ahead
2026-07-02141.18216.24-1.88TSM ahead
2026-07-01143.17221.25-1.96TSM ahead
2026-06-30144.99237.86-2.40TSM ahead
2026-06-29141.28226.67-2.28TSM ahead
2026-06-26139.51215.34-2.04TSM ahead
2026-06-25141.84216.65-1.99TSM ahead
2026-06-24144.20219.56-1.99TSM ahead
2026-06-23144.96217.35-1.90TSM ahead
2026-06-22151.20232.93-2.12TSM ahead
2026-06-18152.67230.16-1.99TSM ahead
2026-06-17148.30215.24-1.74TSM ahead
2026-06-16150.30212.09-1.55TSM ahead
2026-06-15153.95219.84-1.65TSM ahead
2026-06-12148.69211.14-1.63TSM ahead
2026-06-11148.46209.72-1.60TSM ahead
2026-06-10145.23203.58-1.56TSM ahead
2026-06-09150.86213.13-1.64TSM ahead
2026-06-08151.19212.57-1.62TSM ahead
2026-06-05148.62206.78-1.55TSM ahead
2026-06-04158.45221.60-1.61TSM ahead
2026-06-03155.62217.50-1.62TSM ahead
2026-06-02161.46222.48-1.52TSM ahead
2026-06-01162.58216.97-1.29TSM ahead
2026-05-29153.00208.41-1.46TSM ahead
2026-05-28155.25211.60-1.48TSM ahead
2026-05-27154.06210.54-1.51TSM ahead
2026-05-26155.70205.36-1.26TSM ahead
2026-05-22156.04201.47-1.10TSM ahead
2026-05-21159.07202.78-1.01TSM ahead
2026-05-20161.93200.03-0.78TSM ahead
2026-05-19159.86195.54-0.71TSM ahead
2026-05-18161.10197.21-0.73TSM ahead
2026-05-15163.28201.39-0.79TSM ahead
2026-05-14170.83208.05-0.70TSM ahead
2026-05-13163.64199.12-0.70TSM ahead
2026-05-12159.99197.87-0.83TSM ahead
2026-05-11159.01201.48-1.02TSM ahead
2026-05-08155.94205.04-1.31TSM ahead
2026-05-07153.26206.27-1.50TSM ahead
2026-05-06150.60208.94-1.75TSM ahead
2026-05-05142.39196.44-1.72TSM ahead
2026-05-04143.83200.02-1.81TSM ahead
2026-05-01143.80198.06-1.75TSM ahead
2026-04-30144.62197.26-1.69TSM ahead
2026-04-29151.63196.15-1.28TSM ahead
2026-04-28154.47195.41-1.12TSM ahead
2026-04-27156.96201.70-1.25TSM ahead
2026-04-24150.92200.45-1.53TSM ahead
2026-04-23144.67190.59-1.47TSM ahead
2026-04-22146.74192.97-1.47TSM ahead
2026-04-21144.84183.33-1.18TSM ahead
2026-04-20146.42182.41-1.06TSM ahead
2026-04-17146.14184.53-1.17TSM ahead
2026-04-16143.73180.97-1.16TSM ahead
2026-04-15144.11186.82-1.41TSM ahead
2026-04-14142.40189.21-1.62TSM ahead
2026-04-13137.18184.07-1.72TSM ahead
2026-04-10136.69184.58-1.79TSM ahead
2026-04-09133.27182.04-1.91TSM ahead
2026-04-08131.94182.24-2.02TSM ahead
2026-04-07129.06171.99-1.74TSM ahead
2026-04-06128.72170.22-1.70TSM ahead
2026-04-02128.54168.86-1.66TSM ahead
2026-04-01127.36170.08-1.82TSM ahead
2026-03-31126.38168.32-1.81TSM ahead
2026-03-30119.69157.64-1.73TSM ahead
2026-03-27121.39162.74-1.91TSM ahead
2026-03-26124.09162.42-1.72TSM ahead
2026-03-25129.48173.20-1.93TSM ahead
2026-03-24126.96170.96-2.01TSM ahead
2026-03-23127.28168.57-1.89TSM ahead
2026-03-20125.14163.98-1.81TSM ahead
2026-03-19129.39168.74-1.79TSM ahead
2026-03-18130.72169.13-1.74TSM ahead
2026-03-17131.83172.32-1.85TSM ahead
2026-03-16132.77169.45-1.65TSM ahead
2026-03-13130.62168.50-1.77TSM ahead
2026-03-12132.71167.70-1.59TSM ahead
2026-03-11134.80176.59-1.94TSM ahead
2026-03-10133.89172.87-1.83TSM ahead
2026-03-09132.36173.67-2.00TSM ahead
2026-03-06128.86168.79-2.01TSM ahead
2026-03-05132.86176.24-2.16TSM ahead
2026-03-04132.64178.03-2.30TSM ahead
2026-03-03130.47175.88-2.38TSM ahead
2026-03-02132.23183.84-2.73TSM ahead
2026-02-27128.40186.56-3.25TSM ahead
2026-02-26133.98187.67-2.94TSM ahead
2026-02-25141.71193.11-2.71TSM ahead
2026-02-24139.75192.13-2.86TSM ahead
2026-02-23138.80184.30-2.53TSM ahead
2026-02-20137.55184.55-2.69TSM ahead
2026-02-19136.16179.49-2.54TSM ahead
2026-02-18136.22180.43-2.64TSM ahead
2026-02-17134.04181.39-2.94TSM ahead
2026-02-13132.47182.47-3.21TSM ahead
2026-02-12135.46183.33-3.08TSM ahead
2026-02-11137.72186.32-3.14TSM ahead
2026-02-10136.62180.25-2.89TSM ahead
2026-02-09137.71177.01-2.61TSM ahead
2026-02-06134.36173.75-2.72TSM ahead
2026-02-05124.55164.72-3.05TSM ahead
2026-02-04126.22162.24-2.72TSM ahead
2026-02-03130.68167.22-2.68TSM ahead
2026-02-02134.50170.02-2.55TSM ahead
2026-01-30138.50164.64-1.76TSM ahead
2026-01-29139.50169.12-2.04TSM ahead
2026-01-28138.78170.49-2.24TSM ahead
2026-01-27136.61168.51-2.33TSM ahead
2026-01-26135.12165.71-2.28TSM ahead
2026-01-23135.99166.78-2.31TSM ahead
2026-01-22133.94163.05-2.24TSM ahead
2026-01-21132.84162.43-2.33TSM ahead
2026-01-20129.04162.94-2.83TSM ahead
2026-01-16134.95170.53-2.90TSM ahead
2026-01-15135.54170.16-2.86TSM ahead
2026-01-14132.71162.92-2.57TSM ahead
2026-01-13134.64164.96-2.59TSM ahead
2026-01-12134.01165.24-2.73TSM ahead
2026-01-09133.96161.19-2.40TSM ahead
2026-01-08134.09158.39-2.14TSM ahead
2026-01-07137.04158.72-1.85TSM ahead
2026-01-06135.68163.08-2.47TSM ahead
2026-01-05136.32160.50-2.18TSM ahead
2026-01-02136.85159.18-2.01TSM ahead
2025-12-31135.14151.35-1.41TSM ahead
2025-12-30135.90149.21-1.09TSM ahead
2025-12-29136.39149.88-1.11TSM ahead
2025-12-26138.07150.83-1.03TSM ahead
2025-12-24136.67148.82-0.98TSM ahead
2025-12-23137.11147.90-0.83TSM ahead
2025-12-22133.11146.07-1.12TSM ahead
2025-12-19131.15143.91-1.12TSM ahead
2025-12-18126.19141.79-1.52TSM ahead
2025-12-17123.87137.94-1.38TSM ahead
2025-12-16128.78142.88-1.33TSM ahead
2025-12-15127.75143.31-1.53TSM ahead
2025-12-12126.83145.45-1.92TSM ahead
2025-12-11131.11151.83-2.11TSM ahead
2025-12-10133.17154.47-2.16TSM ahead
2025-12-09134.04151.12-1.70TSM ahead
2025-12-08134.46150.35-1.57TSM ahead
2025-12-05132.18146.79-1.47TSM ahead
2025-12-04132.88145.90-1.28TSM ahead
2025-12-03130.14147.15-1.80TSM ahead
2025-12-02131.49145.48-1.44TSM ahead
2025-12-01130.38143.28-1.33TSM ahead
2025-11-28128.26145.19-1.86TSM ahead
2025-11-26130.62144.42-1.46TSM ahead
2025-11-25128.86141.79-1.39TSM ahead
2025-11-24132.28141.77-0.95TSM ahead
2025-11-21129.62137.00-0.72TSM ahead
2025-11-20130.90138.21-0.71TSM ahead
2025-11-19135.16140.64-0.47near the usual relationship
2025-11-18131.42138.42-0.67TSM ahead
2025-11-17135.22140.46-0.45near the usual relationship
2025-11-14137.80141.86-0.31near the usual relationship
2025-11-13135.41140.55-0.45near the usual relationship
2025-11-12140.43144.75-0.35near the usual relationship
2025-11-11139.97145.02-0.43near the usual relationship
2025-11-10144.24147.06-0.18near the usual relationship
2025-11-07136.34142.69-0.60TSM ahead
2025-11-06136.29144.06-0.77TSM ahead
2025-11-05141.46146.25-0.42near the usual relationship
2025-11-04143.98146.45-0.16near the usual relationship
2025-11-03149.91151.84-0.10near the usual relationship
2025-10-31146.73149.63-0.21near the usual relationship
2025-10-30147.02151.02-0.33near the usual relationship
2025-10-29150.03151.95-0.11near the usual relationship
2025-10-28145.67150.18-0.39near the usual relationship
2025-10-27138.76148.55-0.99TSM ahead
2025-10-24134.97146.91-1.27TSM ahead
2025-10-23132.00144.80-1.40TSM ahead
2025-10-22130.64143.88-1.48TSM ahead
2025-10-21131.28146.68-1.72TSM ahead
2025-10-20132.35148.27-1.79TSM ahead
2025-10-17132.77146.97-1.61TSM ahead
2025-10-16131.75149.34-2.02TSM ahead
2025-10-15130.31151.76-2.50TSM ahead
2025-10-14130.46147.40-2.02TSM ahead
2025-10-13136.46150.86-1.68TSM ahead
2025-10-10132.72139.78-0.88TSM ahead
2025-10-09139.54149.36-1.15TSM ahead
2025-10-08137.04151.67-1.73TSM ahead
2025-10-07134.09146.44-1.52TSM ahead
2025-10-06134.45150.61-1.97TSM ahead
2025-10-03135.96145.53-1.20TSM ahead
2025-10-02136.88143.50-0.85TSM ahead
2025-10-01135.68143.67-1.03TSM ahead
2025-09-30135.20139.10-0.53TSM ahead
2025-09-29131.78136.08-0.60TSM ahead
2025-09-26129.12136.15-0.96TSM ahead
2025-09-25128.76137.79-1.22TSM ahead
2025-09-24128.24139.81-1.55TSM ahead
2025-09-23129.30140.81-1.54TSM ahead
2025-09-22133.05135.79-0.41near the usual relationship
2025-09-19128.02131.92-0.58TSM ahead
2025-09-18127.71133.80-0.88TSM ahead
2025-09-17123.40130.88-1.10TSM ahead
2025-09-16126.72130.52-0.59TSM ahead
2025-09-15128.80130.18-0.26near the usual relationship
2025-09-12128.86129.16-0.11near the usual relationship
2025-09-11128.38128.95-0.14near the usual relationship
2025-09-10128.50129.71-0.23near the usual relationship
2025-09-09123.74124.97-0.23near the usual relationship
2025-09-08121.96123.11-0.22near the usual relationship
2025-09-05121.03121.23-0.09near the usual relationship
2025-09-04124.39117.15+0.99NVDA ahead
2025-09-03123.64115.25+1.17NVDA ahead
2025-09-02123.75113.75+1.42NVDA ahead
2025-08-29126.22114.99+1.58NVDA ahead
2025-08-28130.56118.67+1.62NVDA ahead
2025-08-27131.59119.18+1.68NVDA ahead
2025-08-26131.72118.90+1.75NVDA ahead
2025-08-25130.30117.34+1.79NVDA ahead
2025-08-22128.98116.04+1.82NVDA ahead
2025-08-21126.80113.22+1.96NVDA ahead
2025-08-20127.10113.86+1.92NVDA ahead
2025-08-19127.28115.90+1.64NVDA ahead
2025-08-18131.89120.24+1.64NVDA ahead
2025-08-15130.76118.98+1.69NVDA ahead
2025-08-14131.90120.03+1.70NVDA ahead
2025-08-13131.59120.25+1.64NVDA ahead
2025-08-12132.72121.67+1.60NVDA ahead
2025-08-11131.93120.57+1.67NVDA ahead
2025-08-08132.39120.45+1.77NVDA ahead
2025-08-07130.99120.84+1.53NVDA ahead
2025-08-06130.01115.24+2.29NVDA ahead
2025-08-05129.17115.78+2.11NVDA ahead
2025-08-04130.43119.04+1.79NVDA ahead
2025-08-01125.88117.15+1.43NVDA ahead
2025-07-31128.89120.34+1.38NVDA ahead
2025-07-30129.91120.98+1.43NVDA ahead
2025-07-29127.18120.20+1.16NVDA ahead
2025-07-28128.08120.90+1.19NVDA ahead
2025-07-25125.72122.32+0.61NVDA ahead
2025-07-24125.90120.33+0.94NVDA ahead
2025-07-23123.75119.70+0.72NVDA ahead
2025-07-22121.04116.84+0.75NVDA ahead
2025-07-21124.19118.96+0.91NVDA ahead
2025-07-18124.93119.73+0.90NVDA ahead
2025-07-17125.36122.32+0.56NVDA ahead
2025-07-16124.18118.32+1.02NVDA ahead
2025-07-15123.70118.01+1.00NVDA ahead
2025-07-14118.89113.89+0.93NVDA ahead
2025-07-11119.51114.75+0.88NVDA ahead
2025-07-10118.91114.43+0.84NVDA ahead
2025-07-09118.03115.47+0.53NVDA ahead
2025-07-08115.94113.49+0.52NVDA ahead
2025-07-07114.67114.14+0.19near the usual relationship
2025-07-03115.46116.94-0.15near the usual relationship
2025-07-02113.95116.35-0.31near the usual relationship
2025-07-01111.09111.90-0.05near the usual relationship
2025-06-30114.49112.81+0.37near the usual relationship
2025-06-27114.31113.84+0.16near the usual relationship
2025-06-26112.33111.57+0.21near the usual relationship
2025-06-25111.82110.94+0.23near the usual relationship
2025-06-24107.17109.62-0.36near the usual relationship
2025-06-23104.47104.75+0.01near the usual relationship
2025-06-20104.24104.35+0.04near the usual relationship
2025-06-18105.42106.34-0.11near the usual relationship
2025-06-17104.43106.53-0.33near the usual relationship
2025-06-16104.85107.42-0.41near the usual relationship
2025-06-13102.88105.14-0.37near the usual relationship
2025-06-12105.07107.30-0.36near the usual relationship
2025-06-11103.50106.63-0.53TSM ahead
2025-06-10104.32105.82-0.25near the usual relationship
2025-06-09103.36103.10+0.05near the usual relationship
2025-06-06102.70102.19+0.08near the usual relationship
2025-06-05101.44101.28+0.02near the usual relationship
2025-06-04102.84100.81+0.34near the usual relationship
2025-06-03102.3398.42+0.68NVDA ahead
2025-06-0299.5597.04+0.44near the usual relationship
2025-05-3097.9296.28+0.28near the usual relationship
2025-05-29100.8698.19+0.46near the usual relationship
2025-05-2897.6997.69-0.01near the usual relationship
2025-05-2798.1998.46-0.05near the usual relationship
2025-05-2395.1495.62-0.09near the usual relationship
2025-05-2296.2597.71-0.25near the usual relationship
2025-05-2195.5195.51+0.02near the usual relationship
2025-05-2097.3896.35+0.21near the usual relationship
2025-05-1998.2496.37+0.36near the usual relationship
2025-05-1698.1296.73+0.28near the usual relationship
2025-05-1597.7096.73+0.22near the usual relationship
2025-05-1498.0797.00+0.24near the usual relationship
2025-05-1394.1596.62-0.36near the usual relationship
2025-05-1289.1393.13-0.66TSM ahead
2025-05-0984.5387.92-0.58TSM ahead
2025-05-0885.0587.27-0.35near the usual relationship
2025-05-0784.8386.93-0.33near the usual relationship
2025-05-0682.2885.81-0.61TSM ahead
2025-05-0582.4887.86-0.95TSM ahead
2025-05-0282.9789.29-1.11TSM ahead
2025-05-0180.8886.02-0.92TSM ahead
2025-04-3078.9383.02-0.73TSM ahead
2025-04-2979.0081.92-0.49near the usual relationship
2025-04-2878.7981.38-0.42near the usual relationship
2025-04-2580.4482.23-0.25near the usual relationship
2025-04-2477.1281.77-0.82TSM ahead
2025-04-2374.4378.60-0.75TSM ahead
2025-04-2271.6675.41-0.69TSM ahead
2025-04-2170.2273.64-0.62TSM ahead
2025-04-1773.5475.58-0.30near the usual relationship
2025-04-1675.7275.54+0.16near the usual relationship
2025-04-1581.3078.36+0.70NVDA ahead
2025-04-1480.2277.62+0.64NVDA ahead
2025-04-1180.3878.23+0.56NVDA ahead
2025-04-1077.9575.27+0.68NVDA ahead
2025-04-0982.8579.07+0.87NVDA ahead
2025-04-0869.7870.41+0.04near the usual relationship
2025-04-0770.7572.80-0.25near the usual relationship
2025-04-0468.3473.11-0.82TSM ahead
2025-04-0373.7778.38-0.72TSM ahead
2025-04-0280.0184.86-0.69TSM ahead
2025-04-0179.8283.99-0.58TSM ahead
2025-03-3178.5482.68-0.58TSM ahead
2025-03-2879.4782.30-0.34near the usual relationship
2025-03-2780.7583.79-0.37near the usual relationship
2025-03-2682.4386.41-0.52TSM ahead
2025-03-2587.4690.10-0.27near the usual relationship
2025-03-2487.9890.23-0.20near the usual relationship
2025-03-2185.2988.02-0.29near the usual relationship
2025-03-2085.8988.39-0.25near the usual relationship
2025-03-1985.1686.54-0.06near the usual relationship
2025-03-1883.6486.23-0.26near the usual relationship
2025-03-1786.6287.78-0.01near the usual relationship
2025-03-1488.1786.71+0.44near the usual relationship
2025-03-1383.7585.46-0.10near the usual relationship
2025-03-1283.8788.24-0.54TSM ahead
2025-03-1178.8185.15-0.92TSM ahead
2025-03-1077.5284.99-1.14TSM ahead
2025-03-0781.6688.21-0.92TSM ahead
2025-03-0680.1287.58-1.09TSM ahead
2025-03-0585.0091.78-0.91TSM ahead
2025-03-0484.0589.65-0.72TSM ahead
2025-03-0382.6586.15-0.39near the usual relationship
2025-02-2890.5289.91+0.31near the usual relationship
2025-02-2787.0790.19-0.28near the usual relationship
2025-02-2695.1396.93-0.04near the usual relationship
2025-02-2591.7694.32-0.16near the usual relationship
2025-02-2494.4195.45+0.09near the usual relationship
2025-02-2197.4198.73+0.06near the usual relationship
2025-02-20101.5399.66+0.50NVDA ahead
2025-02-19100.89100.08+0.37near the usual relationship
2025-02-18101.01100.98+0.27near the usual relationship
2025-02-14100.62101.55+0.15near the usual relationship
2025-02-1398.04100.52-0.04near the usual relationship
2025-02-1295.03102.79-0.71TSM ahead
2025-02-1196.23103.96-0.68TSM ahead
2025-02-1096.79103.57-0.54TSM ahead
2025-02-0794.09102.66-0.78TSM ahead
2025-02-0693.25104.84-1.14TSM ahead
2025-02-0590.46103.88-1.39TSM ahead
2025-02-0485.98101.63-1.73TSM ahead
2025-02-0384.5499.51-1.67TSM ahead
2025-01-3187.01104.25-1.87TSM ahead
2025-01-3090.33103.67-1.33TSM ahead
2025-01-2989.64100.77-1.06TSM ahead
2025-01-2893.47100.81-0.56TSM ahead
2025-01-2785.8195.78-0.94TSM ahead
2025-01-24103.35110.51-0.43near the usual relationship
2025-01-23106.68111.87-0.20near the usual relationship
2025-01-22106.57111.17-0.13near the usual relationship
2025-01-21102.05108.93-0.36near the usual relationship
2025-01-1799.79105.34-0.24near the usual relationship
2025-01-1696.79106.98-0.71TSM ahead
2025-01-1598.72103.00-0.10near the usual relationship
2025-01-1495.48100.33-0.16near the usual relationship
2025-01-1396.54100.29-0.03near the usual relationship
2025-01-1098.49103.78-0.17near the usual relationship
2025-01-08101.53103.16+0.21near the usual relationship
2025-01-07101.55105.30+0.02near the usual relationship
2025-01-06108.28109.58+0.26near the usual relationship
2025-01-03104.69103.90+0.46near the usual relationship
2025-01-02100.22100.40+0.38near the usual relationship
2024-12-3197.3198.36+0.30near the usual relationship
2024-12-3099.6399.81+0.39near the usual relationship
2024-12-2799.28100.42+0.31near the usual relationship
2024-12-26101.40101.14+0.44near the usual relationship
2024-12-24101.61102.76+0.33near the usual relationship
2024-12-23101.21103.28+0.26near the usual relationship
2024-12-2097.6198.22+0.38near the usual relationship
2024-12-1994.7096.94+0.25near the usual relationship
2024-12-1893.4197.40+0.11near the usual relationship
2024-12-1794.4999.94+0.00near the usual relationship
2024-12-1695.65100.72+0.05near the usual relationship
2024-12-1397.28100.10+0.24near the usual relationship
2024-12-1299.5295.36+0.80NVDA ahead
2024-12-11100.9596.92+0.79NVDA ahead
2024-12-1097.8895.60+0.66NVDA ahead
2024-12-09100.5999.20+0.59NVDA ahead
2024-12-06103.22101.12+0.65NVDA ahead
2024-12-05105.12101.75+0.74NVDA ahead
2024-12-04105.1799.96+0.88NVDA ahead
2024-12-03101.6499.06+0.70NVDA ahead
2024-12-02100.4696.82+0.79NVDA ahead
2024-11-29100.1891.97+1.14NVDA ahead
2024-11-2798.0790.24+1.14NVDA ahead
2024-11-2699.2291.56+1.12NVDA ahead
2024-11-2598.5792.18+1.03NVDA ahead
2024-11-22102.8694.67+1.15NVDA ahead
2024-11-21106.2895.25+1.35NVDA ahead
2024-11-20105.7293.81+1.43NVDA ahead
2024-11-19106.5394.47+1.45NVDA ahead
2024-11-18101.5693.38+1.20NVDA ahead
2024-11-15102.8892.64+1.36NVDA ahead
2024-11-14106.3593.88+1.51NVDA ahead
2024-11-13105.9992.97+1.56NVDA ahead
2024-11-12107.4695.51+1.48NVDA ahead
2024-11-11105.2696.65+1.27NVDA ahead
2024-11-08106.98100.21+1.14NVDA ahead
2024-11-07107.88100.20+1.20NVDA ahead
2024-11-06105.5196.23+1.34NVDA ahead
2024-11-05101.3897.50+0.98NVDA ahead
2024-11-0498.5995.41+0.94NVDA ahead
2024-11-0198.1296.10+0.87NVDA ahead
2024-10-3196.2094.90+0.82NVDA ahead
2024-10-30100.9796.86+1.02NVDA ahead
2024-10-29102.3698.09+1.03NVDA ahead
2024-10-28101.8396.96+1.08NVDA ahead
2024-10-25102.57101.32+0.84NVDA ahead
2024-10-24101.7598.58+0.98NVDA ahead
2024-10-23101.13100.04+0.85NVDA ahead
2024-10-22104.0598.85+1.12NVDA ahead
2024-10-21104.14100.58+1.02NVDA ahead
2024-10-18100.00100.00+0.80NVDA ahead

No one-day company-specific move of 4+ standard deviations in this window.

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

1 simulated trade to Oct 20, 2026: +10.60% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long TSM · Short NVDAAug 6, 2025Sep 9, 2025converged34$1,088.86-$28.60$1,059.97 (+10.60%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

NVDA and TSM at a glance

NVDA NVIDIA Corporation

Listing
Nasdaq · SEC CIK 1045810
Industry
Semiconductors · SIC 3674 Semiconductors & Related Devices
Market value
$5.23T
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

TSM Taiwan Semiconductor Manufacturing Company Ltd.

Listing
NYSE · SEC CIK 1046179
Industry
Semiconductors · SIC 3674 Semiconductors & Related Devices
Market value
$2.18T
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
NVDA / AVGOWatchlistNVDA by 2.16 sdSemiconductors
TSM / AVGOWatchlistTSM by 1.57 sdSemiconductors

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Explore the private beta

Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.