After chip sell-off, article favors Taiwan Semiconductor as a long-term AI investment

The article argues that Taiwan Semiconductor Manufacturing (TSMC) may be a more predictable long-term investment than Nvidia or Micron after semiconductor stocks fell. It points to TSMC’s manufacturing share, planned capacity investment and growth prospects, while noting that its assessment is an investment opinion.

• The article says semiconductor stocks fell about 30% since Oct. 6, with Nvidia down 21% and Micron down 34%, and names TSMC as its preferred chip stock.· 1 source
• It says TSMC accounts for 73% of contract semiconductor manufacturing spend and is investing to expand capacity, with management guiding for $60 billion–$64 billion in capex this year.· 1 source
• The article puts TSMC at about 21 times forward earnings and argues its foundry position may make its business more stable than memory-chip makers; this is the writer’s investment view.· 1 source