TSMC Is the AI Bottleneck the US Needs - But the Stock Is Priced Like a Monopoly Forever
TSMC sits at the center of America’s AI infrastructure rush, and the tape is still bullish. But with TSM near its 52-week high and trading around 31x earnings with a lofty ~10.5x book, the market is treating durable AI demand as a certainty. This trade idea leans short over a 45-trading-day window, looking for a valuation reset or simply a cooling-…