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Posted by
Two Blokes Apr 27 -
Filed in
Stock
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10 views
In October 2024, I rated TSMC stock as overvalued due to AI euphoria, and recent declines validated my Sell rating. TSM's decline is driven by macroeconomic uncertainties and market rotation, not deteriorating business fundamentals; it remains a leader in semiconductor manufacturing. To justify the current valuation, TSM needs to achieve top-line growth rates of 17% per year.
