Investors have noticed the market's sustained upward moves this year. The trend is increasingly difficult to ignore as some stocks reach valuations reminiscent of 2021.

If the recent increases become a sustained bull market, investors will want to take a closer look at stocks the rally has thus far missed. That means investors looking for such cheap stocks will want to consider Taiwan Semiconductor Manufacturing (NYSE: TSM), PagSeguro (NYSE: PAGS), and Qualcomm (NASDAQ: QCOM) -- all tech companies with significant growth potential. Let's find out a bit more about these three reasonably valued stocks.

Taiwan Semiconductor Manufacturing, better known as TSMC, is the world's leading third-party chip producer. Almost every major chip design company outsources at least some of its production to TSMC, and as of Q4 2022, it claimed 59% of the third-party chip manufacturing market, according to TrendForce.

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Source Fool.com