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.

Continue reading

Source Fool.com