$Taiwan Semiconductor (TSM.US)$ - the company that is $28B a...

$Taiwan Semiconductor (TSM.US)$ - the company that is $28B away from crossing $1T in market cap reported earnings this morning:

✅Revenue: $23.5B vs. $23.3B expected
✅EPS: $0.39 vs. $0.36 expected
✅Operating margin: 47.5% vs. 44.0% expected

✅The world’s largest contract chip manufacturer and a leader in cutting-edge semiconductor technology, particularly in producing chips at advanced nodes like 5nm and 3nm.

✅Long-term contracts with major clients like Apple, Nvidia, and AMD provides a steady revenue stream and a competitive moat.

✅Strong financial growth, with impressive margins, a solid balance sheet.

❌As TSMC is headquartered in Taiwan, the company's operations face significant geopolitical risks due to tensions between China and Taiwan.

❌A large portion of $TSM's revenue comes from a few key clients, such as $AAPL and $NVDA Nvidia. This concentration increases vulnerability to client-specific risks.