Taiwan Semiconductor: Buffett Overhang Is A Gift
TSMC has traded weak over the last several months on news that Warren Buffett unloaded shares after making an initial investment last year. The chip manufacturing giant is set to ride the AI chip boom, with the TAM set to surge in the years ahead. The stock remains incredibly cheap at 13.5x forward EPS targets, a 50% discount to Apple with similar geopolitical risks from China. In no huge surprise, Warren Buffett and Berkshire Hathaway ( BRK.A , BRK.B ) sold out of a remaining small position in Taiwan Semiconductor Manufacturing Company Limited ( NYSE: TSM ). Buffett had second thoughts on investing in a company with a homeland targeted by the Chinese Communist Party, but most technology companies face similar risks. My investment thesis remains ultra-bullish on the chip manufacturing stock, as the investment firm selling out has pressured the shares. Read the full article on Seeking Alpha. Disclosure: No position ment...