TSM - TSMC: One Of The Cheapest Big Tech/AI Stocks
2024-06-10 17:31:40 ET
Summary
- TSMC is the largest foundry with over 50% market share, making it a solid investment choice for risk-averse investors given broad customer exposure.
- Despite a 60% increase in stock price since January, TSMC remains fairly valued and one of the cheapest among Big Tech/AI companies.
- TSMC has returned to growth in Q1 and has a strong outlook for 2024 and beyond, making it a promising investment option.
Investment Thesis
TSMC ( TSM ) is the largest foundry (which makes chips for fabless companies) with over 50% market share, and even higher at the leading edge. That makes it a solid investment choice for risk-averse investors, akin to investing in a semiconductor ETF, in my view....
TSMC: One Of The Cheapest Big Tech/AI Stocks