$Taiwan Semiconductor(TSM.US) is the cornerstone of the future world. Buy it, buy it! The market is still complaining that TSMC's orders are too concentrated and the AI bubble will burst sooner or later. What they fail to see is that the company just reported its strongest-ever monthly revenue, starting from a base of 400 billion NTD, surging nearly 40% year-on-year. Orders from NVIDIA and Apple are booked until next year with no room to squeeze in—is this a peak? This is a shortage of capacity to go around.

You complain that its capital expenditure of over 50 billion USD in one go is too aggressive, not realizing this is to build clean rooms for 2nm and A16 processes and to weld shut the iron door for competitors like Samsung and Intel. Bank of America directly raised its target price to 2360, not talking about this quarter's earnings at all, but about how it holds the pricing power for the next three years' capacity entirely in its hands.

The funniest part is, Jensen Huang just said this round of computing infrastructure build-out will last seven years, and the four major cloud giants have already put 600 billion USD on the table this year. TSMC is the only unavoidable toll booth in the entire arena. Its P/E ratio is still hovering in the 20s. Do you think it has risen too much, or have you simply not recognized it as the goose that lays the golden eggs in the AI era?