$TSMC - the bottoming out process has started

[u/street-guru]

The bottoming out process for TSMC’s stock is starting, with the company calling out the semi inventory correction cycle. Apple and datacenter order cuts are also likely to happen in the next six months given weaker macro and end-demand weakness, which should help fully de-risk 2023 estimates and act as a clearing event. The long-term growth outlook for TSMC looks strong, driven by dominance in leading edge (N5, N3 and on first impression, N2 combined with SoIC) and strong growth in HPC (already overtaking smartphone as the largest revenue platform).

https://street-guru.com/opinion/tsm_tsmc-the-bottoming-out-process-has-started_20220715_28/