$Taiwan Semiconductor Manufacturing(TSM)$ This is the world's largest chip maker with an already low PE compared to the rest of the sector. Even with their revised guidance which wasn't even bad, they said they'll be able to easily navigate 2023. At 35-40 it would have a PE of 5-6. You're high out of your mind if you think it will get anywhere close to that. Not even Intel which is in a crappy place in the sector right now doesn't have that low of a PE.
They literally posted record profits in a year when everyone else is struggling. Smaller chips = more efficient = lower costs. The entire world relies on chips if you haven't noticed old fart.
Do some damn research and stop investing based on emotion and you'd realize this isn't overvalued unlike a bunch of other tech stocks.
Comments