Parkev Tatevosian, CFA on $TSM (Nov 6, 2026)

Last but not least, Taiwan Semiconductor Manufacturing Company (TSMC), which in my opinion is the best manufacturer in the world, period. Regardless of the sector, I believe TSMC is the best manufacturer, period.

It proves results over decades in which it has outperformed any other competitor.

I calculated the fair value at $566, and you can buy Taiwan Semiconductor stock today at $395. It is also one of the companies whose value has decreased as a result of the election.

It has decreased by 2.5% since the recording of this video.

Of course , one of the biggest risk factors for TSMC is the geopolitical tension between the United States and China and China’s claims to Taiwan. This geopolitical risk factor has already created headwinds that have forced Taiwan Semiconductor Manufacturing Company to diversify its manufacturing footprint.

It is adding manufacturing facilities in the United States, Europe and Japan, and the management team has stated that those manufacturing facilities will not be as profitable as its facilities in its home country.

Therefore, the management team expects gross profit margins to decrease from 58% to 53% over the next few years.

However, this margin decline has not yet occurred, as the company’s demand still exceeds supply, and its high capacity utilization rate offsets the lower profitability from those diversified and expanding manufacturing facilities.

Taiwan Semiconductor Manufacturing Company is the only one of these four companies that I do not already own in my portfolio, but I am certainly interested in adding it to my investment portfolio.