Core Viewpoint - Taiwan Semiconductor is positioned to benefit significantly from the ongoing AI spending, particularly with major AI hyperscalers projected to spend around $650 billion on data center capital expenditures by 2026 [1]. Group 1: Company Overview - Taiwan Semiconductor is favored as a primary investment choice due to its competitive edge in the semiconductor industry, making it a strong buy [2]. - The company is one of the few chip foundries capable of competing at a high level, with Intel struggling and Samsung lacking the capacity to match Taiwan Semiconductor [4]. - Taiwan Semiconductor's client list includes major players like Nvidia, AMD, and Broadcom, indicating its central role in the semiconductor supply chain [6]. Group 2: Market Position and Financials - The company has a market capitalization of $1.9 trillion and a gross margin of 59.02%, with a current stock price of $370.04 [5][6]. - The stock is trading at 26 times forward earnings, which is relatively close to the S&P 500's valuation of 22 times forward earnings, suggesting it is not overly expensive [10]. Group 3: Growth Potential - Taiwan Semiconductor's management anticipates a nearly 60% compound annual growth rate (CAGR) in AI chip revenue from 2024 to 2029, highlighting the substantial growth potential in the AI sector [7]. - The ongoing AI buildout is expected to continue for some time, providing a favorable environment for Taiwan Semiconductor's growth [7].

智通财经APP获悉，在美国最高法院推翻美国总统唐纳德·特朗普所主导的全球范围关税政策且裁定特朗普关税违法之后，新兴 市场资产再度迎来强劲涨势，一项衡量新兴市场货币的基准指数消除了周度亏损，且美国股票市场的一只今年以来愈发热门的 新兴市场交易所交易基金(即新兴市场ETF)交易价格大幅上涨至创下历史新高点位。 有着"华尔街最准策略师"称号的美国银行股票市场策略师Michael Hartnett近期多次强调，在"美国例外论"逐渐土崩瓦解，以及 弱美元、全球增长重心从美国转向更广泛市场的大背景下，新兴市场有望持续跑赢美国市场，迈向新一轮牛市周期。 在特朗普提出替代其标志性经济计划的方案后，MSCI新兴市场货币基准指数在周五上涨保持涨幅且全面扭转周度亏损。全球最 大规模资管巨头贝莱德所发行与管理的累计资产规模高达280亿美元的iShares MSCI新兴市场ETF交易价格(EEM.US)实现罕见 的"十连涨"，再度强势攀升至历史最高点，交易量更是较其20日平均水平更是高出36%。 在核心成分股台积电这家全球最大规模芯片制造商，以及总部位于韩国的两大超级存储芯片巨头——三星电子与SK海力士强劲 牛市涨势带动之下，iSha ...

本文转载自第一财经 值班编辑 | 江江 视觉 | 诺言 根据美股机构投资者13F持仓披露情况，截至2025年底，段永平管理的H&H International Investment持仓 总市值约174.89亿美元，折合人民币超1200亿元。 在大幅减持第一大重仓股苹果的同时，段永平在Q4将英伟达仓位狂拉逾11倍，并轻仓"试水"三家极具代 表性的AI垂直领域公司，CoreWeave、Credo Technology、Tempus Ai，持仓分别占比0.12%、0.12%、 0.04%。 此外，段永平还增持了谷歌、拼多多，并大幅减持了光刻机巨头阿斯麦（减持幅度87.63%）。 星标关注《盐财经》 洞察趋势，睿智人生 /// 大家都在看 /// 点 在看 把盐撒给更多的人 | Stock | History | Sector | Shares Held or | Market | % of | Previous | | Change in | 9/2 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Principal | ...

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among billionaire Stanley Druckenmiller’s 10 best stock picks. On February 12, DA Davidson began coverage of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), issuing it a Buy rating and a $450 price target. The firm stated that the company’s “compounding execution moat in leading edge manufacturing” results in a “durable, self-reinforcing advantage” as interest in artificial intelligence processing grows. Taiwan Semi’s comp ...

美国商务部长霍华德·卢特尼克在2026年1月15日公布的美台贸易协议，乍一看似乎是给台湾地区出口商品大幅降税至15%，然而这背后却隐藏着一系列苛刻 条件。台湾地区不仅需将半导体供应链的40%转移到美国，还必须拿出250亿美元进行直接投资建厂，另有250亿美元的信贷担保，用于支持中小企业的跟 进。对于台湾地区而言，这笔金额无疑是一个庞大的数目，占据了当地经济的相当一部分。卢特尼克直言不讳，这一切的目的，正是为了让美国在芯片领域 实现自给自足，不再依赖外部供应。协议一出，台积电无疑成为了焦点，它需要在这场迁移计划中发挥核心作用，否则它可能面临100%的惩罚性关税。台 积电在亚利桑那的工厂扩建计划本就斥资1650亿美元，如今压力更大，因为协议要求的，不仅是建厂，还要建成一个涵盖从晶圆制造到封装的完整工业园 区。 台积电继续加大投资力度，提前到2026年完成2纳米工艺的研发。然而，劳动力的巨大缺口依然是个难题，台积电只能依赖台湾地区的工程师来填补这个空 缺。供应链也不完整，化工材料的检测服务需要从零开始搭建，造成了层层叠加的额外成本。张忠谋曾多次警告，全球化的逆转将推动芯片价格上涨，而如 今的协议正好验证了这一点。台 ...

当地时间 2 月 17 日，特斯拉 CEO 埃隆・马斯克在社交媒体平台 X（原 Twitter）上，转发了特斯 拉韩国发布的半导体相关人才招聘公告，并配上韩国国旗表情。他发文表示："如果你在韩国， 希望从事芯片设计、制造或 AI 软件相关工作，欢迎加入特斯拉。" 图源：环球市场播报 此前，特斯拉韩国已正式发布 AI 芯片设计工程师岗位，称正在招募人才加入可量产的一流 AI 芯 片研发团队。此次招聘较为特别，将以候选人曾解决的三项最具挑战性技术难题作为核心评估依 据，相关招聘信息也由特斯拉 AI 官方账号同步发布。 回想起在上月 28 日，马斯克在特斯拉财报会上曾表示，公司需要建设一座特斯拉 TeraFab 万亿级 晶圆厂，以化解未来 3—4 年可能出现的产能瓶颈。他提到，仅依靠台积电、三星等现有供应商 的产能，已无法满足需求，这座新工厂将覆盖超大规模逻辑电路、存储器及封装等业务。 市场普遍解读认为， 特斯拉选择在韩国招聘半导体人才，是绑定核心供应链、抢占先进工艺、获 取顶尖人才、加速量产的精准战略布局。 最关键的是 深度绑定核心代工厂——三星 特斯拉选择韩国，首要考量是供应链的物理距离。特斯拉已与三星签署了价 ...

Micron Technology (NASDAQ: MU) has been an incredible investment over the past few years. The memory chip maker has seen huge demand, thanks to artificial intelligence (AI). Its stock has risen over 40% since 2026 began, and is up nearly 400% since 2025. Few stocks have delivered that level of return, but we can't go back and capture those returns now; there's only the future. Micron's success has drawn comparison to several companies, among them Taiwan Semiconductor Manufacturing (NYSE: TSM). So, could M ...

Global artificial intelligence (AI) spending is estimated to grow to around $2.5 trillion in 2026, according to consulting firm Gartner. At the same time, hyperscalers such as Amazon, Alphabet, Meta Platforms, Microsoft, and Oracle have said they collectively plan to invest over $600 billion in capital expenditures (capex) in 2026. Of that total, over 75% is expected to be directed toward AI infrastructure projects. Even as Wall Street debates whether AI growth is sustainable or just a bubble, the capita ...

Key Takeaways Micron Technology posted 57% revenue growth in Q1 FY26, with EPS up 167% year over year.2026 estimates for MU call for 99.7% revenue growth and 307.5% EPS growth.TSM expects AI revenue CAGR above 50% but faces margin pressure from global expansion.Micron Technology, Inc. (MU) and Taiwan Semiconductor Manufacturing Company (TSM) are key players in the artificial intelligence (AI) semiconductor ecosystem, benefiting from surging demand for data center and AI-driven computing. Micron provides the ...

H&H International Investment （段永平美股持仓主体）披露的最新 13F 文件显示，截至 2025 年 4 季末，组合整体持仓市值大约 175 亿美元，较9月底的 147 亿美元增加了 19% 左右。 2024年底的时候，这个组合市值大约是145亿美元。 持股结构上也发生了一些变化，如下表所示： | 排名 | 证券名称 | 行业 | 持仓股数 | 持仓市值(美元) | 持仓占比 | 变动情况 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 苹果(AAPL) | 信息技术 | 34,829,107 | 8,796,983,713 | 50.30% | -7.09% | | 2 | 伯克希尔(BRK.B) | 美部 | 7,176,196 | 3,607,114,919 | 20.63% | 38.24% | | 3 | 英伟达 (NVDA) | 信息技术 | 7,237,100 | 1,349,719,150 | 7.72% | 1110.62% | | ব | 拼多多(PDD) | 消费 | 11,536,694 | 1,308 ...