Taiwan Semiconductor (TSMC) is rated as a tactical buy with a price target of $468, implying an 18% upside from current levels. The near-term growth is supported by factors like depreciation arbitrage, delayed adoption of High-NA EUV technology, and advancements in Silicon Photonics. However, growth is limited by delays in U.S. data center expansions and margin pressure from overseas operations. Gross margins are expected to plateau at 66–67%, challenging optimistic forecasts of further margin expansion. Investors are advised to consider selling as the stock approaches $470–$490, anticipating a potential inventory correction and earnings revision by late fiscal year 2027.
Investor Gavin Baker predicts NVIDIA's chip sales could grow from $215 billion in 2023 to $2-3 trillion by 2027, a nearly 10x increase. The main constraint is wafer supply from Taiwan Semiconductor (TSMC), which dominates the advanced chip foundry ma...
AMD announced a $10 billion investment in Taiwan's semiconductor and AI ecosystem to enhance chip packaging and manufacturing for next-generation AI infrastructure. This move strengthens AMD's partnerships with key Taiwanese companies like ASE and SP...
AMD has started ramping production of its 6th Generation EPYC processors, codenamed 'Venice,' using TSMC's advanced 2nm process technology. This marks the first high-performance computing product in the industry to utilize this cutting-edge manufactu...
Hedge fund manager Gavin Baker explains that Taiwan Semiconductor Manufacturing's (TSMC) controlled capacity expansion is capping NVIDIA's near-term revenue but preventing an AI infrastructure spending bubble. TSMC's supply constraints maintain prici...
Elon Musk is investing heavily in the Terafab project, a $55 billion semiconductor fabrication facility in Texas, to gain chip independence for his companies amid rising AI-related capital expenditures. This move follows Musk's other ambitious innova...
