NVIDIA$Taiwan Semiconductor(TSM.US)
TSMC Q1 revenue grew ~35% YoY, confirming strong AI demand. Advanced nodes and CoWoS are fully loaded, supply still lags, especially 3nm and advanced packaging. AI demand already visible into 2026+.
What stands out to me is that the real moat in AI is advanced manufacturing capacity, and TSMC is the only one operating at this scale today.
NVIDIA drives demand through chip design, while TSMC is the bottleneck that turns that demand into real compute. This structure is unlikely to change in the near term.
I see TSMC as the foundation of the AI supply chain. It is not a trade for me but a structural position. As long as AI keeps growing, it captures upstream value.
@Bridge Buzz SG
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