TSMC expects faster-than-forecast sales growth to offset its thinner-than-forecast margin in total gross profit. It guided roughly 14% sequential revenue growth against GF Securities' 11% forecast, but 65-67% gross margin against GF's 67.2%. Ramping 2nm and overseas fabs can keep costs elevated; further gross-profit growth depends on sales continuing to deliver. @sssjeffpu's outlook pairs strong 2027 revenue growth with broadly flat margins through 2027-28. x.com 

TSMC's growth looks compelling against its valuation. Diluted GAAP EPS rose about 70% year over year and US-dollar revenue 41%; at roughly 22 times annualized earnings, guidance implies accelerating growth. TSMC expects continued demand for leading-edge processes, including its 2-nanometer ramp. x.com 

GlobalFoundries' margins should rise relative to Tower Semiconductor's, if reports on each company's 8-inch to 12-inch transition and capacity ramp are correct, even though both now have similar net margins. GlobalFoundries also trades at a much cheaper multiple than Tower. x.com 

TSMC's capacity-constrained growth is holding margins through its costly 2nm ramp. Its Q4 revenue guide of $52.3-54.3B beats $49B consensus, implying 14% sequential growth, with 65-67% gross-margin guidance; planned Q4 capex is $19-23B versus $13.8B last quarter. World Trade Securities maintains Overweight and a $620 target. TSMC is also in talks to run Elon Musk's proposed Texas Terafab; additional fab and equipment demand depends on a deal. x.com  x.com 

GlobalFoundries looks expensive against its earnings. It trades at 36 times trailing and 17 times next year's earnings, while chipmakers usually get 18 times. Applying 18 times to mid-cycle EPS of $1.41, give or take 12%, gives a fair value of $22.29-28.36, so the stock sits 58% above the top of that range; trailing and forward readings differ widely. This is a valuation read only, with no fundamental work behind it. x.com 

GlobalFoundries is the preferred strategic pick among recent momentum leaders, while D-Wave and Rigetti are much more speculative. No one can compete with TSMC, which would already be the most valuable company if China were not a cloud over it, but price matters: GlobalFoundries is a smaller company with momentum, up about fourfold this year. x.com  x.com  x.com 

TSMC captures more value as advanced nodes and packaging expand revenue beyond wafer volumes. In Q3 2026, N2 rose from 3% to 8% of wafer revenue, HPC reached 68%, and revenue grew 50.9% in TWD versus 9.6% wafer-shipment growth. N2 ramping squeezed gross margin, yet TSMC generated nearly $15B in free cash flow after $13.8B of capex. TSMC expects 2026-28 capex significantly above the prior three years; Wendell Huang says revenue growth should outpace capex growth if they do their job right. x.com  … Show more

TSMC's AI growth still faces margin pressure from overseas fab expansion and a faster A14 ramp for mobile customers facing 2nm SoC challenges. 3Q gross margin of 66.4% missed expectations, and the 4Q guide is softer at 65-67%; margins are expected to remain largely flat through 2027-28 despite projected 39% revenue growth in 2027. Hold; target nudged to NT$2,999 at 20x 2027 earnings. x.com  x.com  x.com 

TSMC may lose pricing power as performance gains shift from shrinking transistors to stacking, interconnects and optics, while logic folding could make older processes competitive. Despite strong leading-edge demand, investors may overestimate the profit share its node leadership can retain. Its cautious expansion and past reluctance toward advanced packaging suggest a risk-averse culture that protects returns but could leave it late to disruptive technologies and key customers. x.com 

TSMC's AI-era growth opportunity makes it an incredibly bullish investment. CEO C.C. Wei said its annualized growth opportunity is probably higher than a high-50% CAGR. x.com