Bristol Myers Squibb Company (BMY)
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TSMC's AI foundry test: growth, capex, and geopolitical risk
A TSMC five-year double thesis focused on advanced-node foundry leadership, advanced packaging, AI customer demand, capex, margins, and Taiwan risk.
OpenTSMC: the AI foundry moat with a geopolitical discount
A Coverage Bootstrap TSMC company evaluation covering advanced-node foundry leadership, CoWoS, customers, margins, capex, global fabs, Taiwan risk, and valuation setup.
OpenBristol Myers: the patent cliff has to meet a real pipeline bridge
Bristol Myers Squibb reported Q1 2026 revenue of $11.49 billion, net income of $2.68 billion and cash of $9.57 billion. The thesis depends on new product growth, loss-of-exclusivity management, pipeline execution and debt/cash discipline.
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