<p>越來越多的金融市場成員目前認為，台積電在 2026 年的表現可以超越英偉達。其背後的邏輯相當簡單：儘管英偉達作為全球高科技人工智能處理器的開發者保持着控制權，但其產品在很大程度上是由台積電生產的。因此，台積電在整個人工智能芯片供應鏈中佔據了有利地位，從而在股市中獲得了大量關注。在過去六個月中，台積電的股票回報顯著高於英偉達。與英偉達的股價上漲受限不同，台積電則享受到了對先進半導體設備需求上升和進一步增長強勁前景的好處。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.techi.com/wp-content/uploads/2026/02/image-17.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.techi.com/wp-content/uploads/2026/02/image-17.jpeg"/></p>
<h2>台積電在人工智能繁榮中的重要地位</h2>
<p>儘管英偉達是全球最強人工智能處理器的設計持有者，但並不參與其製造。因此，該公司利用台積電將其設計圖轉化為可銷售的硅，使台積電成為國際人工智能製造體系中不可或缺的關鍵元素。此外，英偉達只是台積電客户羣中的一部分。大多數知名半導體設計公司，如博通、超威半導體、高通和蘋果，都依賴台積電提供的製造設施。他們的數據中心加速器、移動系統單芯片和個人計算平台，均由硅製成，涉及人工智能的多種應用。這一龐大的客户基礎賦予了台積電英偉達所沒有的戰略優勢。儘管英偉達的收入主要依賴於對人工智能數據中心基礎設施的資本支出水平，但台積電的收入來源則來自技術市場的不同領域。因此，隨着人工智能滲透到各個行業，台積電不易受到特定芯片設計師口味所引發的市場變化的影響。</p>
<h2>2026 年強勁的增長前景</h2>
<p>台積電預計其 2026 年以美元計的收入將增長近 30%。這一趨勢受到市場對公司最先進光刻節點的需求增加的推動，這些節點用於生產人工智能加速器、高性能計算單元和新一代消費設備。此外，企業披露的信息可能提供的上行空間可能更大。生產能力的持續增加，加上預計高價的先進工藝技術，將使台積電在需求保持強勁的情況下實現遠高於當前預測的增長數字。這使得台積電的未來相對比一些過於狹隘的人工智能專家更具可預測性。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.techi.com/wp-content/uploads/2026/02/image-66.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.techi.com/wp-content/uploads/2026/02/image-66.png"/></p>
<h2>評估使台積電優於英偉達</h2>
<p>另一個吸引投資者關注台積電的因素是相對估值。與台積電相比，英偉達的估值非常高，收入倍數顯著增加，這表明市場對強勁增長的期望；這放大了上行空間。因此，與台積電相比，英偉達在實現意外利潤的能力上受到限制。然而，預計英偉達在短期內的增長速度會更快。分析師預計本財年的收入和盈利將顯著增長，但這些已經在市場中反映出來。相反，台積電的交易倍數相對較低，但其增長前景健康。合理的估值與蓬勃的需求相結合，使其股票對長期投資者更具吸引力。</p>
<h2>結論：台積電在 2026 年可能超越英偉達</h2>
<p>如果台積電在 2026 年實現約 1590 億美元的預估收入，並仍保持類似的估值倍數，其股價可能會相比當前水平大幅上漲。這一可能的行動路徑得到了產能增加、定價槓桿增強和長期人工智能相關投資的支持。正如《Motley Fool》的技術分析師 Harsh Chauhan 所言，台積電處於整個人工智能芯片供應鏈的中心。該公司不需要在競爭的芯片設計公司之間做出選擇；相反，它提供了大多數公司的製造需求。台積電為那些對當前市場趨勢關注較少、更加關注長期投資的投資者提供了獨特的機會。它為人工智能革命提供了重要的曝光，提供了持續的增長，並具有更為平衡的風險特徵。在這方面，台積電在 2026 年實現更高股本回報的機會相較於英偉達更為合理。</p>

標普半導體 ETF - SPDR

2 倍做多台積電 ETF - Direxion

2 倍做多 TSM ETF - GraniteShares

<p>在金融市場上，越來越多的共識認為，台灣半導體制造公司（TSMC）可能在 2026 年前超越英偉達（Nvidia）。TSMC 在人工智能芯片供應鏈中扮演着關鍵角色，為包括英偉達在內的多家客户生產芯片。TSMC 預計到 2026 年，收入將增長近 30%，這主要得益於對先進半導體設備的需求。相比之下，英偉達的高估值限制了其利潤潛力。分析師認為，TSMC 較低的估值和強勁的增長前景使其成為更具吸引力的長期投資，可能在 2026 年前帶來更高的股本回報</p>

<p>A growing number of members of the financial market are currently of the opinion that Taiwan Semiconductor Manufacturing Company can outperform Nvidia in performance in the year 2026. The logic behind it is simple enough: whereas Nvidia stays in control due to being the developer of the high-tech AI processors in the world, its products are being produced by TSMC to a large extent. Thereby, TSMC is advantaged by an omnipresent nature throughout the AI chip supply chain, and therefore gains lots of traction in equity markets. The TSMC equities have shown significantly higher returns compared to Nvidia in the last six months. Unlike the Nvidia, which has had a restricted upward mobility on its share prices, TSMC has enjoyed the benefits of a rising demand of advanced semiconductor devices and strong prospects of further growth.</p>
<div class="lb-trans"><p>越來越多的金融市場成員目前認為，台積電在 2026 年的表現可以超越英偉達。其背後的邏輯相當簡單：儘管英偉達作為全球高科技人工智能處理器的開發者保持着控制權，但其產品在很大程度上是由台積電生產的。因此，台積電在整個人工智能芯片供應鏈中佔據了有利地位，從而在股市中獲得了大量關注。在過去六個月中，台積電的股票回報顯著高於英偉達。與英偉達的股價上漲受限不同，台積電則享受到了對先進半導體設備需求上升和進一步增長強勁前景的好處。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.techi.com/wp-content/uploads/2026/02/image-17.jpeg" alt="" original-src="https://www.techi.com/wp-content/uploads/2026/02/image-17.jpeg"/></p>
<h2>The Essential Place of TSMC in the AI Boom in the Biosphere</h2>
<div class="lb-trans"><h2>台積電在人工智能繁榮中的重要地位</h2>
</div><p>Even though Nvidia is the design holder of the strongest AI processors in the world, it is not involved in their manufacturing. The company thereby uses TSMC to convert its schematics into saleable silicon, making TSMC a key element that cannot be sacrificed in the international AI manufacturing system. Moreover, Nvidia makes only a part of the range of customers that TSMC has. Most of the well-known semiconductor designers such as Broadcom, Advanced Micro Devices, Qualcomm and Apple rely on the fabrication facilities offered by TSMC. Their data-center accelerators, mobile SoCs, and personal computing platforms, which are all made of silicon, are involved in varying applications of artificial intelligence. This large base of clients gives TSMC strategic privileges that Nvidia does not have. Although the income generation of Nvidia largely depends on the level of capital expenditure on AI data-centers infrastructure, TSMC has income streams that are generated in different branches of the technological market. Therefore, with AI embracing various industries, TSMC is not susceptible to market changes that can be explained by the taste of specific chip designers.</p>
<div class="lb-trans"><p>儘管英偉達是全球最強人工智能處理器的設計持有者，但並不參與其製造。因此，該公司利用台積電將其設計圖轉化為可銷售的硅，使台積電成為國際人工智能製造體系中不可或缺的關鍵元素。此外，英偉達只是台積電客户羣中的一部分。大多數知名半導體設計公司，如博通、超威半導體、高通和蘋果，都依賴台積電提供的製造設施。他們的數據中心加速器、移動系統單芯片和個人計算平台，均由硅製成，涉及人工智能的多種應用。這一龐大的客户基礎賦予了台積電英偉達所沒有的戰略優勢。儘管英偉達的收入主要依賴於對人工智能數據中心基礎設施的資本支出水平，但台積電的收入來源則來自技術市場的不同領域。因此，隨着人工智能滲透到各個行業，台積電不易受到特定芯片設計師口味所引發的市場變化的影響。</p>
</div><h2>Robust Growing Outlook for 2026</h2>
<div class="lb-trans"><h2>2026 年強勁的增長前景</h2>
</div><p>TSMC anticipates a growth of close to 30% in its 2026 revenue in U.S. dollars. This trend is driven by increased market demand of the most advanced lithographic nodes of the company that are utilized in producing AI accelerators, high-performance computing units, and new-generation consumer devices. In addition, there can be more upside than the advice that corporate disclosures can provide. The continued increase in production capacity coupled with the expected high price of the state-of-the-art process technologies will put TSMC in a position to realize growth figures much higher than present forecasts provided demand remains as robust as it currently I t makes the future of TSMC relatively more predictable than that of several artificial-intelligence experts that are too narrow-minded.</p>
<div class="lb-trans"><p>台積電預計其 2026 年以美元計的收入將增長近 30%。這一趨勢受到市場對公司最先進光刻節點的需求增加的推動，這些節點用於生產人工智能加速器、高性能計算單元和新一代消費設備。此外，企業披露的信息可能提供的上行空間可能更大。生產能力的持續增加，加上預計高價的先進工藝技術，將使台積電在需求保持強勁的情況下實現遠高於當前預測的增長數字。這使得台積電的未來相對比一些過於狹隘的人工智能專家更具可預測性。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.techi.com/wp-content/uploads/2026/02/image-66.png" alt="" original-src="https://www.techi.com/wp-content/uploads/2026/02/image-66.png"/></p>
<h2>Assessment Makes TSMC better than Nvidia</h2>
<div class="lb-trans"><h2>評估使台積電優於英偉達</h2>
</div><p>Another factor that would lead to investor interest in TSMC is relative valuation. Nvidia is very expensive with a significant increase in revenue multiple, as compared with TSMC, which indicates market hopes of a strong growth; this magnifies upside margin. Thus, the ability to make unforeseen profits is limited in the case of Nvidia compared to TSMC. However, Nvidia is estimated to be growing at a higher pace in the short-term period. The analysts anticipate significant growth in the revenues and earnings of the incumbent fiscal year, but they are already priced in the market. On the contrary, TSMC is trading at a relatively low multiple, but it has a healthy growth profile. The combination of sound valuation and booming demand makes its equity more attractive to long-term investors.</p>
<div class="lb-trans"><p>另一個吸引投資者關注台積電的因素是相對估值。與台積電相比，英偉達的估值非常高，收入倍數顯著增加，這表明市場對強勁增長的期望；這放大了上行空間。因此，與台積電相比，英偉達在實現意外利潤的能力上受到限制。然而，預計英偉達在短期內的增長速度會更快。分析師預計本財年的收入和盈利將顯著增長，但這些已經在市場中反映出來。相反，台積電的交易倍數相對較低，但其增長前景健康。合理的估值與蓬勃的需求相結合，使其股票對長期投資者更具吸引力。</p>
</div><h2>Conclusion TSMC Could Outperform in 2026</h2>
<div class="lb-trans"><h2>結論：台積電在 2026 年可能超越英偉達</h2>
</div><p>In case TSMC reaches its estimated revenue of about USD –159 billion in 2026 and still maintains similar levels of valuation multiples, its stock value may rise by a substantially large margin compared to current rates. This possible course of action is strengthened by augmentation in capacity, fortified pricing leverage, and long-term AI-related investment. TSMC, as technology analyst Harsh Chauhan of The Motley Fool, has been positioned in the middle of the entire AI chip supply chain. The company does not need to choose between rival chip design companies; instead, it provides most of their manufacturing requirements. TSMC offers a unique offer in the sphere of AI to those investors who are less concerned with current market trends and more focused on long-term investment. It provides a significant exposure to the AI revolution, provides a consistent growth, and has a way more balanced risk profile. In this regard, TSMC has a more reasonable chance of producing higher equity returns by 2026 compared to Nvidia.</p>
<div class="lb-trans"><p>如果台積電在 2026 年實現約 1590 億美元的預估收入，並仍保持類似的估值倍數，其股價可能會相比當前水平大幅上漲。這一可能的行動路徑得到了產能增加、定價槓桿增強和長期人工智能相關投資的支持。正如《Motley Fool》的技術分析師 Harsh Chauhan 所言，台積電處於整個人工智能芯片供應鏈的中心。該公司不需要在競爭的芯片設計公司之間做出選擇；相反，它提供了大多數公司的製造需求。台積電為那些對當前市場趨勢關注較少、更加關注長期投資的投資者提供了獨特的機會。它為人工智能革命提供了重要的曝光，提供了持續的增長，並具有更為平衡的風險特徵。在這方面，台積電在 2026 年實現更高股本回報的機會相較於英偉達更為合理。</p>
</div>

Will TSMC Stock Beat Nvidia by 2026? Revenue & Valuation Outlook

TECHi

2 倍做多 NVDA ETF - T-Rex

英偉達期權收益策略 ETF - YieldMax

費城交易所 半導體 ETF - iShares

半導體 3 倍做多 - Direxion

2 倍做多英偉達 ETF - GraniteShares

2 倍做多 TSM ETF - Leverage Shares

2 倍做多英偉達 ETF - Direxion

半導體 ETF - VanEck Vectors

台積電

英偉達

台積電的股票能否在 2026 年前超過英偉達？收入和估值的前景