Why market is considering TSMC in the same league as other memory and semiconductor stocks. It's way of business, moat and current valuations are totally different from the memory stocks but probably its been in falling worst than memory stocks specially since it's stellar earnings were out. It was quite strong before earnings.
I understand they raised capex so expected it's fall at some extent, but didn't expect this fall. Specially after it hasn't rallied multiple like other stocks.
TSMC is back at the price of 21st April against MU is back at the price of 21st May and ASML is back at the price of 20th May.
I would like to know your pov.