$Taiwan Semiconductor Manufacturing(TSM)$ Just started a position in TSM. Only half a position at this point but willing to double up if the stock drops another 10%.
Semiconductors are undeniably the most important sector of the economy for the next few years. I have no idea who the winners will be. Right now the market believes it’s Nvidia $NVIDIA Corp(NVDA)$ , but AMD $Advanced Micro Devices(AMD)$ and Broadcom $Broadcom(AVGO)$ were behind but are quickly catching up. Amazon $Amazon.com(AMZN)$ , Google $Alphabet(GOOG)$ and Apple $Apple(AAPL)$ are all designing their own custom chips. Regardless of who wins EVERYONE is going to get their chips manufactured by TSM. It trades at a 19x FPE and the company is growing earnings at 40% YoY and sales at 25% YoY.
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