TSM Stock: The AI Chip Manufacturing Leader Flying Under the Radar
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TSM is a "picks and shovels" play on the AI semiconductor space, manufacturing chips for leaders like Nvidia and AMD
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TSM has a dominant 60% market share in chip manufacturing and formidable barriers to entry
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Strong growth ahead, with management forecasting 15-20% revenue CAGR over the next few years
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Despite growth, TSM trades at just 16.7x 2025 earnings estimates, making it look cheap
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TSM has a perfect "10" Smart Score from TipRanks and a Strong Buy analyst consensus rating