VALUATION
確定性估值（SEC EDGAR + Finnhub）
—NO DCF
判定: strong-buy · peers $594.53 (+46.4%) · method: comparables only
⚠ DCF unavailable: the interest classification in operating cash flow is unverified, so operating cash flow cannot be reconciled to FCFF. Financial evidence and eligible comparables remain available. · Peers swapped to "Foundry monopoly + AI cycle" cohort: CoWoS sole-source for advanced packaging, ~70% leading-edge node share. Closer to AI infrastructure cohort than cyclical foundries.