Bullish Case: TSM's dominant market share, advancement in AI technology, and robust historical performance signal potential for future growth, despite industry downturns.


Bearish Case: Stabilization in PC and smartphone demand, imminent industry downcycle, and high market valuation may dampen TSM's earning potential in the near term.


Potential Outcomes:

1. 55%: TSM leverages AI growth, maintaining performance;

2. 30%: Market saturation leads to slower growth;

3. 15%: Supply chain disruptions impede production.


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March 30, 2024


Taiwan Semiconductor Manufacturing Forecast

TSM        Taiwan Semiconductor Manufacturing
Price Forecast: BULLISH    Price Action: RANDOM (?)






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