Taiwan Semi Stock Still Looks Cheap. Here’s Why.
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Taiwan Semiconductor’s AI revenue is growing at a rate of 50% annually, which is expected to continue through at least 2027. However, as ‘AI bubble’ chatter grows, TSM stock still looks cheap, based on its forward p/e.
The largest business segment for the company is high-performance computing (HPC), which accounted for 43% of revenue last year. This segment includes the GPUs needed for training AI, but also includes the other chips needed to build data centers.
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