登入訂閱

TSMC

TSMC (TSM): Physical Monopolist of the AI Era

TSMC (TSM): Physical Monopolist of the AI Era

TSMC is the only physical chokepoint of the AI era — over 90% of advanced AI chips pass through its fabs. Q1 2026: record 66.2% gross margin, HPC at 61% of revenue, $52–56B capex locking in the N2/A16 and CoWoS moat. Geopolitics remains the only tail risk worth respecting.

TSMC 護國神山封面：AI 時代的物理壟斷者、代工帝國，CoWoS 先進封裝與半導體科技金色光效視覺，ProfitVision LAB 個股深度研究系列

台積電 (TSM) 深度研究：AI 時代的物理壟斷者，無可替代的代工帝國

Q1 2026 毛利率 66.2%、HPC 佔比 61%、EPS TWD 22.08，台積電以史上最強財報證明 AI 時代的物理壟斷地位。N2 製程量產加速、A16 H2 2026 到來、Capex $52–56B 創歷史新高，三星與英特爾的差距只在擴大。含長線現貨 DCA 策略解析，選擇權投資人待 A/D 升至 B+ 後啟動 Bull Put Spread。