Two dirt cheap stocks, Alphabet and Taiwan Semiconductor Manufacturing, are considered bargains with growth potential.

Key Points: Despite the market being at all-time highs, there are still dirt cheap stocks available, such as Alphabet (NASDAQ: GOOG, GOOGL) and Taiwan Semiconductor Manufacturing (NYSE: TSM). Both stocks are considered bargains and have different reasons for being labeled as cheap.

Alphabet: The parent company of Google, Alphabet’s stock is undervalued due to concerns about Google Search losing in the AI arms race. However, Google Search saw a 10% revenue increase in Q1, and the rest of Alphabet’s businesses are performing well, leading to 12% revenue growth and 49% earnings-per-share growth.

Taiwan Semiconductor Manufacturing: TSMC is the leading chip foundry, with strong growth projections. The company expects AI-related revenue to increase by 541% over the next five years, with an estimated companywide growth rate of 148%. Despite trading at 24.7 times forward earnings, TSMC is considered undervalued due to its market-crushing growth potential.

Read more at Nasdaq: 2 Dirt Cheap Stocks to Buy With $1,000 Right Now