"TSM (earnings update): Bull case probability up to 60% after Q2's 60.7% YoY profit growth, 58.6% margins despite FX/overseas headwinds. Arizona production yields match Taiwan's. Raising FY guidance to ~30% USD growth. Margin resilience despite 220bps FX & 100+bps overseas dilution headwinds shows pricing power. Revised PT: Strong buy NT$1,100-1,200."
TSMC Q2 2025: Margin Myths Shattered, Sovereignty Validated
Nikhs
July 17, 2025
Stock Idea