$TSM posted record Q3 revenue of $46.7B, up 50% YoY. September sales alone surged 55% on relentless demand for AI accelerators from tech giants. The stock trades at 30x earnings, but its forward PEG of 0.77 suggests growth is still reasonably priced. Seeking A

$TSM posted record Q3 revenue of $46.7B, up 50% YoY. September sales alone surged 55% on relentless demand for AI accelerators from tech giants. The stock trades at 30x earnings, but its forward PEG of 0.77 suggests growth is still reasonably priced. Seeking Alpha Quant Rating: Hold. Elite A+ Profitability is offset by a D- Valuation grade. Full results and updated guidance cross the wire Thursday, Oct 15, with net profit expected to rise 64%. Does TSMC’s print confirm the AI trade? ▻