TSMC holder Okeido: buy, hold, never sell

The discussion brings together two very different vantage points. Okeido is an individual investor who says he does not sell what he buys, while Shinagawa runs a semiconductor trading company in Kawasaki, so the two see the market from the buy side and the supply-chain side at once. That split shapes the whole conversation, which was recorded as the second instalment of a series on the growth potential of AI and semiconductors.

Their portfolios show how differently that patience is applied. Shinagawa put money into African e-commerce group Jumia roughly three years ago, when the shares were around 4 dollars; they rose to about 14 dollars at one point and now sit near 7 dollars, and he says he still expects a lot over the very long term. Okeido, in his 50s, prefers MercadoLibre, arguing it could deliver sufficient returns by the time he is in his 60s given each region's pace of economic growth. On the AI-using side, Okeido points to Salesforce, Snowflake and ServiceNow as top-tier names whose sales could rise as AI spreads.

What ties the two views together is a preference for companies that keep winning orders from around the world. Shinagawa cites TSMC's position as the manufacturer that receives the work regardless of which company designs the chip, and names Tokyo Electron, Lasertec, Advantest, Shin-Etsu Chemical and SUMCO as Japanese examples. Okeido adds a practical test for staying calm: whether a stock has several pillars holding up its price. Whether that framing holds up likely depends on how far the next wave of demand actually runs.