TSM
Taiwan Semiconductor Manufacturing Company Ltd.
stock NYSE ADR

Anybody in for TSM?

Earthquake did hit, but on other side of island, and nowhere near TSM

Got it...so my position is good.
I need TSM to recover past 420

Rumor is earthquake his TSM....can someone confirm seeking alpha is telling the truth?

I full ported one of two trading accounts into SKHY (-30%), Samsung (-30%), MU (-20%) and TSM (-12%) in June and have about 20% in DRAM stocks in another one (-20%). How cooked am I?

14 write-ups from Substack worth reading, all published within the last week or so.
Not my work - sourced from Giles Capital's weekly compilation: [https://gilescapital.substack.com](https://gilescapital.substack.com)
# Americas
**AlphaSeeker** on [**Alphabet**](https://alphaseeker84.substack.com/p/alphabet-inc-goog-q2-2026-results) (🇺🇸 GOOG US - US$3.9tn) Best quarter in company history: 24% revenue growth, 34% operating margins. Then raised $49.6B equity, stopped buybacks, and turned free cash flow negative. Something has shifted.
**Archive Invest** on [**Microsoft**](https://archiveinvest.substack.com/p/627b-in-contracted-revenue-azure) (🇺🇸 MSFT US - US$2.8tn) $627B in contracted future revenue, Azure growing 40%. Nearly half that backlog is OpenAI, and $190B in annual capital spending hasn't started paying back yet.
**Hated Moats** on [**Netflix**](https://hatedmoats.substack.com/p/netflix-dcf-valuation-037) (🇺🇸 NFLX US - US$292bn) 33% operating margins and $6.6B of free cash flow in H1. DCF model puts intrinsic value 22% above today's price.
**CapEx & Chill** on [**Netflix**](https://capexandchill.substack.com/p/netflix-disappoints-on-guidance-but) (🇺🇸 NFLX US - US$292bn) 45% penetration of 800 million addressable households. Ads, gaming, and live events each barely started. $27.1B in remaining buyback capacity.
**The Finance Corner** on [**Otis Worldwide**](https://thefinancecorner.substack.com/p/otis-the-subscription-that-nobody) (🇺🇸 OTIS US - US$27bn) 92% of profit comes from elevator maintenance, a subscription nobody cancels. Author's own model puts fair value at $69. Stock trades at $83.
**Sanjiv** on [**New York Times**](https://sanj2f3.substack.com/p/new-york-times-group-nyt) (🇺🇸 NYT US - US$12bn) 13.1 million subscribers growing at 15.5% annually. Berkshire's new CEO tripled the NYT position as his first major stock move. Author's model says fairly valued.
**Wolf of Oakville** on [**Gatekeeper Systems**](https://www.wolfofoakville.com/p/gatekeeper-systems-gsiv-fins-review-b7f) (🇨🇦 GSI TSX.V - CAD$175m) Earnings update: revenue up 68%, back to profitability. CEO sold 4 million shares last September while company burned $21m cash over the past year.
**Stellarium** on [**Mobile Infrastructure**](https://stellarium.substack.com/p/mobile-infrastructure-corp-nasdaq) (🇺🇸 BEEP US - US$75m) 35 US parking facilities trading at half book value, 64% insider-owned. Plan is to sell assets at private-market prices and retire debt.
# Europe, Middle East & Africa
**Best Anchor Stocks** on [**ASML and TSMC**](https://www.bestanchorstocks.com/p/the-bottleneck-is-dying-long-live) (🇳🇱 ASML AMS, 🇹🇼 TSM US - €610bn, US$800bn+) Both advanced chipmaking equipment and Taiwan's leading foundry are chokepoints in global chip production. Tests whether AI-driven demand justifies valuations leaving little room for a cycle turn.
**Tactic Hazel** on [**ASML**](https://tacticzhazel.substack.com/p/asml-just-broke-its-own-rule) (🇳🇱 ASML AMS - €610bn) ASML broke its own rule on conservative multi-year guidance, raising 2027-2028 capacity commitments 30% annually. Author reads this as booked demand, not aspiration.
**Rock & Turner** on [**Saga**](https://rockandturner.substack.com/p/spending-the-kids-inheritance-saga) (🇬🇧 SAGA LN - £945m) Founder's son back in the chair, buying shares personally. Net debt fell from £637m to £465m over two years. At 3.7x leverage, equity is still a stub.
**Angsana & Anderson** on [**Pets at Home**](https://www.angsanaanderson.com/p/pets-at-home-undervalued-with-a-takeover) (🇬🇧 PETS LN - £865m) 12x earnings, 9% free cash flow yield. Vet services generates 80% of group profit. COVID-era pets now entering the most expensive part of their lives.
**Price to Tangible Bruce** on [**Fuller, Smith & Turner**](https://tangiblebruce.substack.com/p/048x-tbv-assets-no-screener-will) (🇬🇧 FULL LN - £344m) TOP PICK Freehold pubs across southern England valued at £991m by a January 2026 professional appraisal. Market cap is £344m. On the assets alone you'd be left with more than you paid.
# Asia-Pacific
**Korea Value Hunter** on [**Savezone I&C**](https://koreavaluehunter.substack.com/p/savezone-i-and-c-revisited-what-a) (🇰🇷 067830 KS - US$66m) TOP PICK Six Seoul transit-site department stores appraised at up to 1 trillion won. Trades at 0.19x book, with governance reform forcing value to surface.

Yes 50%
Wanted more TSM in the mix. Both are very similar but SOXQ has a lower ER so I may rotate SHM for more SOXQ eventually.

For sure, but not just any names. For example - AMD is expensive, Nvidia and TSM are great value.

It's not wild at all, it's a standard valuation method. I've tracked it against every company in the S&P500 and the aggregate result is that company prices move towards the valuation. There are a few other data based reasons why I know it works (beyond making money with it).
NVDA, MSFT, BWMX, FSLR, AMG, TSM, SCHW all flag in the top 12 best value purchases from all listed stocks.

Fuck leveraged stocks....I'm in heavy on ASYS and TSM.
TSM scared the fuck out of people during the announcement and market traders are being retarded.....they think building a cutting edge Fab is cheap like a true retard. I want to hold this stock long for better tax rate when it goes green but this volatility is driving me nuts.
ASYS must be a leveraged ETF in disguise....I swear to god it follows TSM like a pathetic dog. Need ASYS to hit 19 for a 10 basis point profit on my average share cost.

im confident spy is going to break towards 720s this or next week. no catalysts from the last 2 weeks have saved the market (TSM, Google, lower inflation)... at this point, the tops in. august and september coming up, worst months for the market. No reason for the market to recover, other than a shorts covering rally, or liquidity grab before a huge drop. playing puts from here til november.

A lot are pretty significantly undervalued like Nvidia and TSM. They'll go up a lot more than 10%.

rolled short puts down and out AMAT, TSM. collected small credits. no idea how far the semis sell off goes, but feeling a little better with lower strikes.

Soxq is superior due to lower expense ratio, why would any1 buy smh if they can do soxq and buy 5-7% nvidia individually if they want to match smh and are nvidia fans, i initially had smh and swap it all for soxq and buy nvidia on the side just like you do, i consider avgo better than TSM, my only complain on soxq is having more Micron than SMH, i’m not a fan of it or intel for that matter.

Lucky that I’m holding TSM+NVDA and GOOG roughly 50 / 50, they always go opposite so kind of balance out the loss…

Google and TSM confirm demand is still incredible, increasing capex through 2027. NVIDIA says they’re expanding and investing in every layer of AI buildout. So it makes sense that the entire month of July is a 40-50% selloff in all the companies benefiting from this.

Yes, but those companies are not the ones selling the chips or running the datacenters that operate them. If one of Anthropic or OpenAI fail, the capacity from the hyperscalers just gets shifted elsewhere. They could both fail and open weight AI will get used on the GPUs instead. All you need to see is that they're running at capacity already, demand is growing. And AI is progressing which makes each GPU hour more valuable. The only thing irrational is a market that's pricing essential companies in this transformation like NVDA/TSM, that are supply constrained for the rest of the decade, and growing 70-80% yoy, with significantly lower forward pe than asleep at the wheel dinosaurs like Apple.

Why would that make AMD drop more than other semis including TSM?
Doesn't seem like the reason for AMD's drop.

Are you not worried about the looming arbitrage trade between 000660 and SKHY when shares can be converted starting on the 29th? This should create some level of mechanical selling in SKHY, even if the valuations never go equal (see TSMC with TSM and 2330).

Interestingly no TSM, SKHY, ASML, NVO. They can’t do ADRs?