TSMC: A No Brainer Long-Term Investment

Core Insights - Taiwan Semiconductor Manufacturing (TSM) reported strong second-quarter results, showcasing accelerating revenue growth and significantly improved profitability, along with an increased full-year guidance [1] Financial Performance - The company experienced a notable increase in revenue growth and profitability metrics, indicating a positive trend in its financial health [1] - The full-year guidance has been raised, suggesting confidence in continued performance improvement [1] Investment Perspective - The reported numbers were perceived to warrant a more substantial market reaction than what was observed, indicating potential undervaluation in the current market [1]