Taiwan Semiconductor Manufacturing Company (TSM) Looks Built for Long-Term Growth, but What Happens in the Next Downturn?

Eagle Capital Management has noted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as one of its top five stocks for long-term growth. The investment management company believes TSMC to be a dominant player in the semiconductor supply chain and a strong benefactor of AI capital spending. However, the company also warns of potential pressures when the next downturn occurs. Eagle's portfolio is currently trading at a 20% market discount with faster expected EPS growth.