Taiwan Semiconductor Manufacturing (TSM) Stock Looks Pricey Against Cash Flow

Taiwan Semiconductor Manufacturing has turned into one of the most closely watched cash flow stories in global chips, and after a powerful multi year share price run, the question is whether the current tag still lines up with the cash it is expected to generate. Over the past 3 years, the stock has returned about 4x, which puts a lot of weight on whether future free cash flows can support a much higher implied value for the business. Talks around a potential collaboration with Elon Musk's...