TSM
Taiwan Semiconductor Manufacturing Company Ltd.
stockNYSEADR

I'm in the same boat, except I am not trying to beat the averages. I own quite a few individual stocks but I also own SPY, QQQ, VEA, VTWO and things like QYLD for income. The stocks I own include CAT, NVDA, SPG, AAPL and others with huge embedded gains. I sold some CAT earlier this year and will pay for it in April. I don't know any way around this except to use offsetting losses and simply pay the taxes from the gains. I thought about selling covered calls to help offset the gains but that would just kick me up into a higher tax bracket. One thing I would disagree about is beating the indexes. To manage risk you have to diversify even if just through ETFs. According to my calculations, which includes dividends, (total return) I have underperformed the market most years but not by much and my account value does not fluctuate as much. (except for Thursday) I think diversifying between sectors and foreign markets is more important than beating the averages. But it does depend on your age. I'm 73, but if you are in your 40s or 50s you may not be as worried about those fluctuations. One other thing. SPY and QQQ (VOO) are all heavily weighted by the large cap stocks like AMZN, NVDA, TSM, MSFT and the like. So goes those stocks so goes your account value. That is why I am invested in foreign markets and small and mid cap stocks.

Amazon During earnings crash ,TSM, VST during election crash,

When we look at how the market prices AI, it is clearer to look at non-hyperscaler (GOOG, MSFT, AMZN, big names) stocks because these hyperscalers have a more stable alternative source of income. Four-week category performance, from October 9 to November 6, 2026: Hardware: -34.17% NVDA, TSM, AVGO, MU, AMD, ASML, INTC, CSCO, AMAT, LRCX, DELL, ARM, ANET, KLAC, MRVL, SNDK, QCOM, STX, WDC, LITE, HPE, CIEN, COHR, ALAB, CLS, CRDO, SMCI, FN Computing & facilities: -29.91% EQIX, DLR, NBIS, CRWV, IREN, APLD, WULF, CIFR Electricity: -22.71% GEV, ETN, CEG, VRT, BE, VST, CCJ, TLN, OKLO Main street stable: +11.96% KO, MCD, WMT, CL, BRK-B and at equal weighting of each stock within each category, we get |Sector / index|Four-week performance|Adjusted earnings yield|Equivalent P/E| |:-|:-|:-|:-| |Hardware|\-34.17%|4.05%|24.7×| |Computing & facilities|\-29.91%|\-9.18%|Net loss| |Electricity|\-22.71%|2.03%|49.3×| |**Main street stable**|**+11.96%**|**3.83%**|**26.1×**| let's guess the reason behind the differences. First, we have the hardware stocks on similar earnings yield to main street stable. This means the market expects their profits to stay stable. which means this level of chip buying to continue. Then we have the computing & facilities companies who buys hardware and data center assets and leases them out. Note these are not hyperscalers: these are medium-small players with limited cash. The market gives them a negative earnings yield, which is really a sign of confidence in those stocks turning a healthy profit. Now we know historically the market doesn't buy into a stock/industry that will do well more than 5 years into the future, the market buys into a stock that's gonna do well around 1-3 years into the future. So that's the market speaking here. Now electricity: this is interesting because the numbers mean ai is gonna lead a significant expansion in electricity generating capacity. the adjusted earnings yield is almost the half of main street stable index and compared to the other two ai segments it didnt fall as much. Interestingly the us added in years 24-25 14GW wind and 7.8GW natural gas. To meet the 457 TWh/year ai energy gap (I got this number somewhere. you should check) by the end of 2030, natural-gas capacity additions would need to average approximately 15.0 GW per year from 2026 through 2030, assuming wind expansion stays the same. In this scenario, total US gas and wind equipment market would be approximately $10.4 billion–$19.5 billion per year. For reference GE vernova annualised q3 2026 revenue is $50.4b. In general, I think the market is saying that we gonna have this level of hardware spending and data center expansion but for many years at least 3 years (personally I think it is unlikely we will see a massive electricity capacity expansion fully ramp up within 2 years judging by the speed of us regulations. If the democrats bring the green new deal kind of infrastructure enthusiasm back it could help. Government help is good but not completely necessary. Hyperscalers and private debt can fund electricity expansion too but just more expensively at current rates.) Last but not least, KO, MCD, WMT, CL, BRK-B don't have that much uncertainty about their future.

TSM on 256$. Great deal

AVGO, TSM, NVDA

GOOGL, PLTR, TSM, BE, INTC, MU

ASML TSM GOOG

TSM

TSM, WISE, MELI, AXON, NTRA, PL, ETN, NVDA

bought more meta, after other hyperscalers ran up. Probably buy significant amount of QQQ/TSM/ASML or other tech focused names next week if we see more downside

VTI/VXUS + pick 5 long term forever holds (NVDA/TSM/GOOG etc)

SMH, TSM, GOOGL, ORCL

The only ai dip I’d buy is NVDA and TSM

TSM

NvDA TSM VHStapes

SMH, TSM, ASML, NVDA, NBIS

I bought some more leaps and ITM for TSM.

Their manufacturing is in the US. Not Micron. Important distinction. Anyway, that was years ago. My (by far) largest position back then was TSM. So holding Micron and Intel was my way to (somewhat) hedge the Taiwan risk exposure. Basically my take was: if Taiwan and China escalate tensions to the point of no return, at least I still have Intel and Micron. I gave up on Intel long time ago, but I never gave up on

TSM

ASML sells machines to TSM who sells wafer production capability to NVDA who sells GPU to customer.

Bought some AMZN and TSM. Sold my APP on the pop. Should have held another day, but the cash was put to good work

Why not TSM?

I am only buying NVDA, TSM and NBIS and up on all 3 positions with a cash pile in case I get lower. I am a good gambler

I don’t have any cash which is driving me nuts. Would be backing up the truck on NVDA, TSM, and WULF big time

Update after today's recovery: |Symbol|Company Name|Last Price|Change (%)|Prev Close|Market Cap|52-Wk High Chg %| |:-|:-|:-|:-|:-|:-|:-| |[TXN](https://finance.yahoo.com/quote/TXN/)|Texas Instruments Incorporated|278.46|\+0.11%|278.15|253.576B|\-16.97%| |[ADI](https://finance.yahoo.com/quote/ADI/)|Analog Devices, Inc.|363.56|\+0.83%|361.01|176.169B|\-18.47%| |[TSM](https://finance.yahoo.com/quote/TSM/)|Taiwan Semiconductor Manufacturing Company Limited|375.68|\+6.39%|353.10|1.946T|\-23.03%| |[NVDA](https://finance.yahoo.com/quote/NVDA/)|NVIDIA Corporation|187.32|\+3.15%|181.60|4.507T|\-23.31%| |[SMH](https://finance.yahoo.com/quote/SMH/)|VanEck Semiconductor ETF|465.00|\+3.86%|447.73|\--|\-30.94%| |[AMD](https://finance.yahoo.com/quote/AMD/)|Advanced Micro Devices, Inc.|449.15|\+11.06%|404.40|736.465B|\-31.81%| |[QCOM](https://finance.yahoo.com/quote/QCOM/)|QUALCOMM Incorporated|165.00|\+5.26%|156.75|176.989B|\-36.36%| |[SOXX](https://finance.yahoo.com/quote/SOXX/)|iShares Semiconductor ETF|136.79|\+3.71%|131.90|\--|\-37.56%| |[AVGO](https://finance.yahoo.com/quote/AVGO/)|Broadcom Inc.|295.04|\+1.20%|291.53|1.402T|\-40.67%| |[MCHP](https://finance.yahoo.com/quote/MCHP/)|Microchip Technology Incorporated|58.35|\-10.02%|64.85|31.685B|\-44.91%| |[MU](https://finance.yahoo.com/quote/MU/)|Micron Technology, Inc.|694.84|\+5.86%|656.39|780.682B|\-45.02%| |[ON](https://finance.yahoo.com/quote/ON/)|ON Semiconductor Corporation|63.31|\+0.49%|63.01|24.646B|\-53.08%| |[KLAC](https://finance.yahoo.com/quote/KLAC/)|KLA Corporation|139.44|\+7.43%|129.80|180.447B|\-54.94%| |[AMAT](https://finance.yahoo.com/quote/AMAT/)|Applied Materials, Inc.|334.38|\+4.74%|319.25|264.042B|\-55.02%| |[MRVL](https://finance.yahoo.com/quote/MRVL/)|Marvell Technology, Inc.|141.98|\+6.31%|133.55|127.047B|\-57.20%| |[INTC](https://finance.yahoo.com/quote/INTC/)|Intel Corporation|56.54|\+8.21%|52.25|299.128B|\-60.46%| |[ARM](https://finance.yahoo.com/quote/ARM/)|Arm Holdings plc|175.29|\+5.14%|166.72|186.843B|\-61.43%|