$Taiwan Semiconductor Manufacturing(TSM)$
Yes, TSMC beat expectations and issued strong guidance. But let’s not ignore some key risks beneath the surface.
Why I’m still cautious:
China Tensions Haven’t Gone Away
TSMC remains geopolitically exposed. Rising US-China tech tensions could disrupt global chip supply chains—or spark regulatory headaches.Guidance Might Be Priced In
The stock has already run up significantly. With semis up across the board this year, how much of this "comeback" is already baked into valuations?Demand Is Still Uneven
Consumer electronics, smartphones, and automotive chips are still soft. AI is the buzzword, but it can’t carry the entire sector on its own—yet.
My Take:
TSMC’s print is solid, but I’m not chasing here. Great company, yes—but macro risks and stretched valuations keep me on the sidelines for now.
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