2 Dirt Cheap Stocks Investors Can't Afford to Miss Out on During the Stock Market Chaos

Group 1: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is currently viewed as a strong investment opportunity due to its low valuation, trading for less than 18 times forward earnings after a recent sell-off [5][6]. - The company is exempt from tariffs on semiconductors, which is a crucial factor that many investors overlook, making it an attractive buy [2]. - TSMC is investing $100 billion in U.S. chip manufacturing, which aligns with U.S. policy goals and may protect it from being targeted by tariffs [3]. - Despite concerns about a potential dip in consumer demand, TSMC expects a 45% compound annual growth rate (CAGR) in AI-related revenue over the next five years, contributing to an overall revenue growth projection of 20% CAGR [4]. Group 2: Alphabet - Alphabet is part of the "Magnificent Seven" tech stocks and has maintained a relatively low valuation compared to its peers, despite concerns about its advertising model being affected by generative AI [8][9]. - The ingrained habit of "Googling" among users worldwide provides a strong foundation for Alphabet's advertising business, even amidst fears of a recession [9]. - Historically, Alphabet's stock is near a 15-year low in terms of trailing price-to-earnings (P/E) ratio, indicating it is undervalued despite recession fears [11][12]. - The upcoming commentary from Alphabet in early May regarding the impact of tariffs is anticipated, but current conditions present a favorable buying opportunity for its shares [13].