TSM at ~$ 390 average: the case, and the thing that would make me sell

9% of my book, added around $380 recently. Posting the whole thing because I’d rather be told I’m wrong now than find out later. The case: they’re the bottleneck for advanced nodes. Every hyperscaler’s capex has to physically pass through them, and there’s no second supplier at the leading edge. Capex guidance went up rather than down , but, management committing that kind of money is a stronger demand signal than anything they say on the call. What the market is seems to be assuming is that Ari

CryptoAlerta — análise de criptomoedas e mercado em tempo real