Should You Buy Taiwan Semiconductor Stock Below $440? Here's What History Says.

Taiwan Semiconductor Manufacturing (TSMC) trades at $430, near its 52-week high, with a valuation of 31x earnings compared to its 10-year average of 23x. While the elevated valuation might concern investors, TSMC's consecutive years of accelerated growth and CEO guidance forecasting strong chip demand through 2029-2030 justify the premium pricing. The analyst recommends buying TSMC as a top AI stock, citing sustainable long-term growth potential beyond the current AI boom.