1 Monster Opportunity in the Global Chip Shortage
The proliferation of technology in everyday life led to increasing chip demand over the years, and the advent of artificial intelligence (AI) only increased this demand. The pandemic, meanwhile, fueled a major global chip shortage over the past few years.
While areas of the semiconductor market are now more balanced in 2024, there are still some areas within the chip sector where demand far outstrips supply, especially for AI chips. With insatiable demand for AI chips in the data center and what appears to be the start of a hardware upgrade cycle needed to support AI-powered applications, the semiconductor industry continues to find itself in a strong spot.
Based on the current chip environment, one company in particular looks best suited to be a long-term winner: Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for short.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 43 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 185 € shows a positive potential of 21.39% compared to the current price of 152.4 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
