文章核心观点 - 巴菲特出售台积电股票的决定未来可能会让他后悔，当前台积电股票具有吸引力，有上涨潜力 [1][2][3] 公司概况 - 台积电是全球科技行业领先企业，掌控全球大部分芯片和半导体供应链及物流 [2] - 台积电股价为162.37美元，较上一交易日下跌2.73美元（-1.66%），52周股价范围在133.21 - 226.40美元，股息率1.33%，市盈率23.08，目标价212.00美元 [2] 股票折扣情况 - 台积电股价已跌至52周高点的73%，尽管有贸易关税担忧，但低价使其具有吸引力 [4] - 中国芯片出口豁免，消除部分担忧，为股价上涨打开通道 [6] 财务状况 - 过去12个月台积电毛利率达57.4%，显示其有定价权和较大市场份额 [8] - 过去一年台积电投入资本回报率（ROIC）达22.3%，长期股价表现往往与企业长期平均ROIC率相符，该股票仍值得持有 [10] 市场看法 - 台积电综合市场排名处于第79百分位，分析师评级为适度买入，潜在上涨空间30.1%，卖空兴趣水平健康，股息强度适中，预计盈利增长19.89% [11] - 分析师共识目标价仍为每股212美元，意味着股票未来有28.3%的隐含上涨空间 [13] - 马瑟集团的机构配置者持仓增加11.7%，持仓升至110万美元，显示出对市场动荡下的信心 [14] - 尽管台积电获分析师适度买入评级，但顶级分析师认为另外五只股票更值得买入 [16]

文章核心观点 - 2024年10月文章认为台积电当时被高估，主要因人工智能热潮导致股价上涨 [1] 分析师情况 - 分析师拥有工程和管理硕士学位，能理解、量化和解读公司经济及一定程度的技术 [1] - 分析师通过股票、期权或其他衍生品对台积电股票有实益多头头寸，文章为其个人观点，未获除Seeking Alpha外的报酬，与文章提及股票的公司无业务关系 [2]

Even though the market has slightly recovered from the lows it experienced not long ago, it's still well off its all-time highs. Despite this, there are plenty of bargains to be found in the market.Two that I'm most excited about are Taiwan Semiconductor (TSM 0.57%) and The Trade Desk (TTD 1.33%). Although they operate in completely different industries, they will be OK over the long term.Taiwan SemiconductorTaiwan Semi is the leading contract chip manufacturer and has contracts with many of the largest tec ...

There's no question that 2025 has been a rough year for AI stocks thus far.Pressure from the trade war, high valuations in the sector, and signs that demand may be slowing have all weighed on these fast-growing stocks as nearly all are down year-to-date.As of April 25, the Nasdaq Composite was down 11% for the year, and in a bear market, according to some definitions. However, seasoned investors know that these sell-offs present buying opportunities, and one of the most attractive right now is Taiwan Semico ...

Since my last coverage , TSMC ( TSM ) ( OTC:TSMWF ) has slipped ~5%, broadly tracking the S&P 500. Despite tariff overhangs and geopolitical noise, the company has shown admirable resilience. Its Q1 earnings reaffirm its strategic role in AI infrastructure, with advanced nodes andHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ...

There is a lot of speculation about the effects of President Donald Trump's tariff plans, but none have been seen yet, as many companies are still sorting through how they will be affected. As first-quarter results roll out, you'll get more commentary on how tariffs will affect various businesses, but one very important company has already offered commentary on tariffs.Taiwan Semiconductor (TSM 3.88%) is one of the world's most important companies, as it is the chip foundry for many of the world's top compa ...

文章核心观点 公司作为全球领先半导体制造商受益于人工智能基础设施需求增长，虽面临海外工厂扩产致毛利率压缩及贸易政策担忧，但长期仍有望受益于人工智能基础设施建设，且当前股价估值较低，适合能承受短期市场波动的投资者建仓 [1][12][13] 分组1：公司业绩表现 - 第一季度营收飙升35%至255亿美元，毛利率同比扩大190个基点至58.8% [3] - 每股美国存托凭证收益从一年前的1.38美元飙升54%至2.12美元，当地货币净收入增长60%，营收和收益均超分析师共识预期 [4] 分组2：业务结构变化 - 人工智能芯片带动增长，本季度高性能计算占营收59%，营收环比增长7%，一年前占比46%；智能手机芯片销售因季节性因素环比下滑22%，占总营收28%，一年前为38% [6] - 更多营收来自先进技术，7纳米及以下节点占营收73%，高于一年前的65%；最新3纳米技术占晶圆总收入22%，较一年前的9%大幅提升 [7] 分组3：未来展望 - 预计第二季度营收在284亿至292亿美元之间，按指引区间中点计算同比增长约35%，预计毛利率在57%至59%之间，运营利润率在47%至49%之间 [8] - 维持全年营收接近20%中段增长的展望，预计2024 - 2029年复合年增长率为20%，毛利率为53% [8] - 预计未来五年人工智能营收复合年增长率达40%中段 [9] 分组4：面临挑战 - 因海外工厂（如亚利桑那州）扩产，预计下季度及未来几年毛利率将受到一定压缩，2025年熊本和亚利桑那州工厂扩产将使全年利润率稀释2% - 3% [5] 分组5：投资分析 - 投资者对半导体关税和贸易政策存在担忧，但公司人工智能芯片业务增长强劲，有明确的产能扩张计划，且通过在美国建设制造工厂来改善与特朗普政府的关系 [11] - 公司在先进半导体领域地位重要，长期有望受益于人工智能基础设施建设 [12] - 从估值角度看，基于分析师2025年的估计，公司股票远期市盈率为16倍，市盈率相对盈利增长比率低于0.5，被认为估值偏低 [13]

Taiwan Semiconductor Manufacturing Company (TSM) and GlobalFoundries (GFS) are two of the most prominent players in the global semiconductor foundry space, but they offer very different propositions. TSM leads in cutting-edge chip manufacturing with a dominant market share, while GFS targets differentiated processes and specialty technologies.With 2025 shaping up as a pivotal year for the semiconductor industry, which foundry stock offers a more compelling investment option today? Let’s find out.The Case fo ...

Shares of Taiwan Semiconductor Manufacturing (TSM 2.40%), popularly known as TSMC, have been under pressure in 2025. Investors have concerns surrounding the health of artificial intelligence (AI) infrastructure spending earlier this year followed by the recent tariff-related turmoil, which sparked a stock market sell-off. Still, the company's latest results show that these factors haven't derailed the company's impressive growth trajectory.TSMC released its first-quarter results on April 17. The company's r ...

Bram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or ...