#分享美股交易赢英伟达股票

TSMC boasts: No lack of competitors in 40 years, not everyone can surpass us

Recently, TSMC Chairman Wei Zhejia confirmed for the first time at the shareholders' meeting that they have purchased the latest High-NA EUV (High Numerical Aperture Extreme Ultraviolet) equipment from ASML, ahead of schedule to prepare for A14 and more advanced process nodes.

Regarding the market's focus on next-generation lithography layout, Wei Zhejia confirmed that TSMC has purchased the latest High-NA EUV equipment from ASML, which is not due to external doubts about investment, but because the related equipment is extremely costly.

As for the purchase quantity, he was unwilling to disclose details, only stating "already bought." Media analysis suggests that High-NA EUV will become a key piece of equipment for A14 and more advanced process nodes, also indicating that TSMC has preemptively positioned itself in the competition for 2nm technology.

Additionally, Wei Zhejia stated that AI demand remains very strong, with clear momentum in advanced processes, advanced packaging, and specialty processes. This year, revenue growth measured in USD is expected to still exceed 30%.

Looking ahead, he further addressed shareholders: "The next few years are very good. If you plan to buy stocks, please continue."

Returning to the secondary market performance, TSMC closed at $415.17, down sharply by 6.69% for the day, with a trading volume of 19.64 million shares, and a total transaction value of $8.27B. The market cap stands at $2.15 trillion. The stock price dropped from an intraday high of $433.90 to a low of $412.79, ending with a volume-driven long bearish candle, the largest single-day decline in nearly three weeks. Although the company's fundamentals have not substantively worsened, market sentiment was suppressed by a collective correction in global tech stocks, short-term profit-taking in the AI chip sector, and investors re-pricing high-valuation assets. Notably, N2 process is fully booked, N3 and CoWoS packaging capacity reservations extend to 2027, core clients like Nvidia, Apple, and Qualcomm continue to increase orders, with full-year 2026 revenue growth still expected to exceed 30%. This decline is a technical correction rather than a reversal of long-term logic.

Future outlook

⏱️ Short-term (1–2 weeks):

Market focus is on TSMC’s disclosure at COMPUTEX 2026 on June 10 regarding progress in N2P and N3E processes, as well as confirmation of orders for HBM3E/HBM4 packaging. If the company announces additional foundry orders for Nvidia’s Blackwell GPU or accelerates mass production of Apple’s A20 Pro chips, the stock may stabilize and rebound in the $400–410 range, challenging $425–435; if concerns about slowing AI server procurement persist, the price may dip to support at $390.

📆 Medium-term (3–6 months):

Key variables include achieving a monthly capacity of 175k wafers for N3 and a monthly capacity of 130k for CoWoS packaging. If the Q3 2026 financial report shows gross margin maintaining above 65%, and AI-related revenue surpasses 70%, the valuation system will shift from "foundry leader" to "monopolist of AI computing infrastructure," with a target price of $480–520.

Operational suggestions

⚡ Short-term traders:

Avoid chasing above $430; if the price retraces and stabilizes in the $400–410 range, consider light long positions with stop-loss below $390, targeting $425–435.

📅 Medium-term investors:

Use $390–410 as an ideal entry zone, accumulate in batches, with a target of $480–500. The holding rationale is "full capacity of N2/N3 + CoWoS monopoly + rigid AI demand," with a suggested holding period of 6–12 months.