TSMC’s Local Investors Narrow Valuation Gap With Wall Street

- TSMC’s local investors are dumping US shares, driving the premium to a two-year low. Why? They’re buying the Taipei version because they think the AI boom has more room to run. Basically, Wall Street is taking a nap while Taiwan is eating the last cookie. I don’t know what a “premium” is, but it sounds like a fancy hat. The takeaway: Smart money thinks the robot revolution isn’t over yet, even if the stock price looks like a sad slide. It’s like betting on a horse that’s already won but hasn’t crossed the finish line yet. Confusing? Yes. Profitable? Maybe. I just want a sandwich.