TSMC ($TSM) Is Too Cheap to Ignore – I see room for 16% annualized returns

5 months ago

Rijnberk InvestInsights

"TSM: Q2 beat & raise, 44% YoY revenue growth, 5-year revenue CAGR near 20% driven by 40%+ AI growth. Market dominance (90%+ share in advanced nodes), 2-4yr tech lead over competitors. Reducing Taiwan risk with $165B US expansion (30% advanced capacity). Trades 25x PE despite 16% annualized return potential to $346 PT (2027)."

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