Taiwan Semiconductor Q2: Pullback Offers A GARP Opportunity

Summary:

  • TSM Q2 results beat expectations, but the stock price suffered a pullback amid market panic.
  • The price corrections, combined with the growth drivers reported in Q2, made it a strong GARP (growth at a reasonable price) candidate.
  • This sector leader is currently trading at 0.91x PEG (P/E growth ratio).
  • The majority of its revenues come from advanced nodes (7 nm and below), offering superior pricing power and margin expansion potential.
Stock Market Crash and Escape - Global Business Strategy Exchange

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TSM stock Q2: Strong results met market panic

I last wrote on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) back in April 2024. As you can see from the chart below, that article, titled “Taiwan Semiconductor Stock Is Breaking Out (Technical


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