The article argues that Taiwan Semiconductor Manufacturing (TSM) benefits from AI infrastructure spending regardless of which chips companies buy. Anthropic, ahead of its IPO, uses multiple chip types, including Nvidia GPUs, Alphabet's TPUs, Amazon's Trainium chips and some AMD GPUs, and most of them come out of TSMC facilities. TSMC previously guided to a 50% compound annual growth rate (CAGR) for AI chips from 2024 to 2029, and on its latest conference call, CEO C.C. Wei said demand is robust and will likely exceed that rate. The author notes TSMC trades at less than 19 times next year's earnings, close to the S&P 500's 19.2 times forward earnings, and judges the stock attractively priced given its expected growth.
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TSMCsemiconductorsAI investmentNVDAAnthropic
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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