TSMC: The World Stops Without It
If one is a dividend growth /GARP investor, current Nvidia valuation is in the un-investable territory, while TSMC is a fairly valued tech stock. Further on, dividend yield of Nvidia is 0.04%. Yield of TSMC is 2% and my yield on cost is 3.45%, which is reasonably increasing. Further on, a long-term growth rate of TSMC is about 18% yearly, so if one buys it today, one may expect to fully participate in the growth of the company in the long run.
Finally, TSMC has a company culture where the management prefers to stay in the shadows, not in the spotlight. They have a logic that one simply needs to perform and the results will speak for themselves. Which is not so glamorous, so they get overlooked. But this allows some investors to get fully participated in the company growth as mentioned above. Advantageous position of TSMC was immediately filled in Taiwan stock market. Very good signal 🌹 $Taiwan Semiconductor Manufacturing(TSM)$ $NVIDIA Corp(NVDA)$
Taiwan Semiconductor Manufacturing Company (TSMC) headquarters in Silicon Valley
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