1 Phenomenal Artificial Intelligence (AI) Stock to Buy Hand Over Fist
Finding solid artificial intelligence (AI) investments doesn't necessarily mean picking a software company with the best technology. Instead, choosing a company like Taiwan Semiconductor Manufacturing (NYSE: TSM) that's supplying the lion's share of chips used in the hardware that creates AI models is also a great pick.
When investing in a company like Taiwan Semiconductor, also known as TSMC, you don't have to pick a winner since it will benefit regardless of which of its customers succeed. As a result, I think it's a stock that investors should be buying hand over fist right now.
TSMC is the world's largest contract chip manufacturer. It doesn't sell its chips out on the open market; instead, it is a foundry for companies that need chips. Sometimes, these clients are competitors, like Nvidia and Advanced Micro Devices. This neutral position is key to the TSMC investment thesis, allowing it to benefit from the rising tide of AI.
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.
