$Taiwan Semiconductor Manufacturing(TSM)$ AVGO and TSM finally saw the algos reverse. The short-term market pressure over the last week or so looks like noise to me. Big Tech's spending spree is expected to top $700 billion this year, mostly on AI, and Morgan Stanley has the estimated spend at more than $1 trillion for next year. A large chunk of that flows to Broadcom and TSMC. Both are solid names to hold, and I think we could see $500 by year-end.
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