TSM
Taiwan Semiconductor Manufacturing Company Ltd.
stock NYSE ADR

| # | Company | Market Cap | Revenue (most recent) |
|---|---------|------------|------------------------|
| 1 | NVIDIA (NVDA) | ~$5.4T | $215.9B (FY26, Jan 2026) |
| 2 | Alphabet (GOOGL) | ~$4.9T | $402.8B (2025) |
| 3 | Apple (AAPL) | ~$4.4T | $416.2B FY25 (~$436B TTM) |
| 4 | Microsoft (MSFT) | ~$3.0T | $281.7B FY25 (~$294B TTM) |
| 5 | Amazon (AMZN) | ~$2.9T | $716.9B (2025); $742.8B TTM |
| 6 | TSMC (TSM) | ~$2.1T | $122.4B (2025) |
| 7 | Broadcom (AVGO) | ~$2.0T | $63.9B FY25; $68.3B TTM |
| 8 | Saudi Aramco (2222) | ~$1.80T | $448.6B TTM |
| 9 | **SpaceX (proposed IPO)** | **~$1.75T** | **~$15B (2025); $22–24B est. 2026** |
| 10 | Tesla (TSLA) | ~$1.7T | $97.9B TTM |
| 11 | Meta (META) | ~$1.6T | $201.0B (2025) |
| 12 | Berkshire Hathaway (BRK) | ~$1.0T | $395.1B TTM |
| 13 | Walmart (WMT) | ~$1.0T | $713.2B (FY26) |

The market is acting like Nvidia has perfect pricing power (ability to markup chips at 10x)
AND that Anthropic and OpenAIs models have pricing power
None of these are true tho. GOOG is devoted to making fast and cheap AND frontier models, that are performant enough to run search on. This will eventually just force a model that is so good and so cheap that who would pay 10x for Anthropic when it’s an option
(Not to mention GOOG will obviously also have the most advanced large model as well. They have all the compute.)
Past that, once it’s clear that TPU and not GPU was behind the best selling model, nvidias pricing power gone too.
Note: this still holds even if Anthropic ends up best big model, as Anthropic is on TPU too.
The only scenario where this thesis falls apart is if OpenAI has a model so advanced that no one can catch up, and companies are willing to pay endless for it over competitors. This is like 00.1% probability IMO.
POSITIONS: LONG GOOG/TSM, SHORT NVDA MSFT ORCL (anyone in the OpenAI ecosystem)

i am holding and adding on dips. i like the bit of diversification from my core SMH, mainly the no fabs (intel and TSM) so that means that it holds a higher percentage than SMH of some of the smaller conpanies (e.g. 6% ALAB in SMHX vs only 0.6% ALAB in SMH).

This week I sold puts. All expire 06/26. TSM x2, AVGO x2, SOXX x2 and MU x1. Total premium received $12,530.

No, I've been "deploying" my money for 7 years in NVDA and I'm up about 5500%.
And I own 5K shares of TSM, I own AMD, AVGO. Not as much as I do in NVDA... and did you just see what they did?
>And before you think I’m a hater of Nvidia I am certainly not, I think it’s a fantastic company, but I’m not adding to it at this point. It is TOO overvalued to expect a return of more than a few percent. My cost basis is 29 cents…

LMFAO.... get the fuck out of here! You're a douche bag who perpetually thinks the Stock Market is going to crash.
There's no world where NVDA is overvalued!
Also... I don't know if I give a fuck what YOU'RE doing right now.
\*Actually... just thought about it. I definitely do not give a fuck what you're doing!

And up 10%, really?? So you’ve been deploying your money for nine months now for 10 or even 20 or even 30%? And you’re advising people to buy at this point? When everything SNDK, WDC, TSM energy providers, are up hundreds of percent. That’s what I’m talking about. You’re gonna make $70K big deal. I grossed more than that this week on related stocks.
Point is you don’t tie up capital when you can deploy it in more profitable areas if indeed, you are a market expert.
And before you think I’m a hater of Nvidia I am certainly not, I think it’s a fantastic company, but I’m not adding to it at this point. It is TOO overvalued to expect a return of more than a few percent. My cost basis is 29 cents…
https://preview.redd.it/clxup4k25d2h1.jpeg?width=1052&format=pjpg&auto=webp&s=c27b57a48f3bb30d2b083c49318ec7b466bd0d14

One reason why it's so difficult to outperform the indices is the difficulty in picking the right winners even when the theme is the right one.
Since Nov 2025:
* AVGO: +4%
* TSM: +37%
* NVDA: +24%
* AMD: +105%
* INTC +193%

Thats exactly why the spreadsheet cant become a shrine. It has to mark business power, not just EPS growth. AMD can keep growing the numbers while the seat gets less comfortable if Intel stops bleeding & TSM keeps holding the foundry choke point. the trap is treating past execution like a permanent moat. Reprice the next five years, not the last three. if the edge narrowed, the multiple has to answer for that.

I transferred an IRA from a managed Morgan Stanley account to a self managed Fidelity account. All the funds are invested in individual stocks. I want to get this into ETFs, mutual funds, and bonds. I sold off a bunch of them already but I didnt know what to do with all the higher value ones. Is it best to just sell all the stocks? Should I hang on to 50% of them? Whats the best course of action here?
|Symbol|Description|Quantity|Current Value|
|:-|:-|:-|:-|
|AAPL|APPLE INC|45|$13,587.30|
|NVDA|NVIDIA CORPORATION COM|60|$13,382.40|
|AMZN|[AMAZON.COM](http://AMAZON.COM) INC|38|$10,069.05|
|GOOG|ALPHABET INC CAP STK CL C|25|$9,624.25|
|MSFT|MICROSOFT CORP|20|$8,415.60|
|AVGO|BROADCOM INC COM|15|$6,263.17|
|LLY|ELI LILLY &CO COM|5|$5,083.57|
|META|META PLATFORMS INC CLASS A COMMON STOCK|8|$4,837.28|
|XOM|EXXON MOBIL CORP COM|18|$2,817.36|
|GE|GE AEROSPACE COM NEW|9|$2,697.30|
|VRT|VERTIV HOLDINGS CO COM CL A|8|$2,520.96|
|TSM|TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS EACH REP 5 ORD TWD10|6|$2,409.36|
|NFLX|NETFLIX INC|26|$2,289.82|
|AMD|ADVANCED MICRO DEVICES INC|5|$2,230.20|
|ETN|EATON CORPORATION PLC|5|$1,897.70|
|PFE|PFIZER INC|69|$1,777.78|
|TXN|TEXAS INSTRUMENTS INC COM USD1.00|5|$1,524.37|
|WMT|WALMART INC COM|10|$1,305.25|
|DDOG|DATADOG INC CL A COM|6|$1,273.02|
|APH|AMPHENOL CORP CLASS A COM USD0.001|9|$1,103.44|

which is why the AMD case is actually trickier than TSM because AMD's competitive moat in CPUs got way thinner once Intel started actually executing again, so you can have solid earnings growth and still be buying into a worse competitive position than you had three years ago even if the absolute numbers look fine on a spreadsheet.

Thats the real work. A five year low isnt automatically value & a high multiple isnt automatically poison. The spreadsheet has to answer one ugly question. Where does the next dollar have the best forward claim on earnings, cash flow & patience. If TSM still earns the seat, it stays. If the cheaper name only looks cheap because the business power got worse, thats not redeployment. Thats buying a lower price tag with worse machinery under it.

and that's where it gets uncomfortable because you actually have to do the math on whether TSM at these valuations still justifies new capital when you could dump it into something trading at five year lows that might have the same upside over five years, which means sitting down with a spreadsheet instead of just feeling good about being right early.

Thats the ol trap. Cost basis belongs in the tax folder. Not in the decision. The market doesnt care that you were early. It only asks whether the next dollar still deserves to sit there today. Sunk cost dressed up as a win is dangerous because it feels smarter than fear. It lets you keep holding for the wrong reason while pretending discipline is conviction. If AMD or TSM still earn the seat then fine. Keep them sized. If they dont then the old gain is just a souvenir. The money was made back then. The risk is alive right now.

(TSM) Taiwan Semiconductor Manufacturing Company...Insider Buying. 👍

BTC my TSM and SNDK puts at 70% profit each
NVDA just has too much weight in this market, I have no clue how they will impact those tickers.
Better to wait and then redeploy capital post earnings

Thats the real problem bad names are easy to sell. Good names make you argue with yourself. AMD & TSM still have real reasons to own them, so the old gain cant be the reason to bail. New money needs todays case. Existing money needs todays risk check. If the business still earns the seat, keep it sized like an investment. If the position only stays because the cost basis feels pretty, thats not discipline. Thats nostalgia wearing a profit badge.

Isn't the deal Lisa Su was pursuing a new one? In other words, TSM is still the main supplier. I don't think it will affect AMD too much in that case.

The hardest part is that AMD and TSM actually still have solid reasons to own them today, so you can't just use the gains as an excuse to bail and feel smart about it.

This is the value investing subreddit so many here will not like the stocks I buy, but I have a very well researched and informed thesis and have stuck to it for years and profited handsomely. These are the percentage allocations for new money I put into my stocks. I never sell unless my thesis is proven wrong or something fundamentally changed with the company. I buy every single Friday morning regardless of price.
My space portfolio is relatively simple. For tech, it is a bit more nuanced. I am trying to capture full stack AI infrastructure (ie, power, liquid cooling, circuitry, transformers, chip foundries, chip architecture, etc etc etc). Every company plays a role. I will direct money to DRAM that would have gone towards SYM or IONQ if I feel I’m getting a deal when I buy.
Space
* RKLB: 50.0%
* PL: 20.0%
* ASTS: 20.0%
* FLY: 5.0%
* BKSY: 5.0%
___
Tech
* DRAM: 12.5-17.5%*
* NVDA: 7.5%
* TSM: 7.5%
* ASML: 7.5%
* AVGO: 7.5%
* GOOGL: 5.0%
* AMZN: 5.0%
* NBIS: 5.0%
* ARM: 5.0%
* ANET: 5.0%
* VRT: 5.0%
* CEG: 5.0%
* MRVL: 2.5%
* COHR: 2.5%
* APH: 2.5%
* ETN: 2.5%
* MPWR: 2.5%
* AMAT: 2.5%
* TER: 2.5%
* SYM: 0-2.5%*
* IONQ: 0-2.5%*
___
Tech Organized by Sector
* Compute, Foundry & Architecture (20.0%)
* NVDA: 7.5%
* TSM: 7.5%
* ARM: 5.0%
* Networking & Connectivity (20.0%)
* AVGO: 7.5%
* ANET: 5.0%
* MRVL: 2.5%
* COHR: 2.5%
* APH: 2.5%
* Providers & Dedicated AI Cloud (15.0%)
* GOOGL: 5.0%
* AMZN: 5.0%
* NBIS: 5.0%
* Infrastructure, Power & Utilities (15.0%)
* VRT: 5.0%
* CEG: 5.0%
* ETN: 2.5%
* MPWR: 2.5%
* Semiconductor Equipment & Testing (12.5%)
* ASML: 7.5%
* AMAT: 2.5%
* TER: 2.5%
* Memory & Storage (12.5-17.5%)
* DRAM: 12.5-17.5%*
* Emerging Tech: Robotics & Quantum (0-5.0%)
* SYM: 0-2.5%*
* IONQ: 0-2.5%*

anything cery technical that requires infrastructure. TSM would probably be the cleanest example