TSMC Heads Into Q3 With Strong Momentum

Group 1 - Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) stock has increased by nearly 40% since June, significantly outperforming the market due to its leadership in 3nm and 5nm technology [1] - The company is recognized for its strong technology moat, first-mover advantage, and network effects that contribute to exponential growth [1] - TSMC demonstrates sustainable revenue growth with efficient cash flow and a strong balance sheet, ensuring long-term survival [1] Group 2 - The investment methodology focuses on identifying high-conviction opportunities, emphasizing leadership and management analysis, market disruption, financial health, and valuation [1] - The portfolio construction strategy includes core positions (50-70%), growth bets (20-40%), and speculative investments (5-10%) to balance risk and reward [1] - The investment style aims to spot high-potential winners before they break out, leveraging market inefficiencies for long-term compounding [1]