You can't go five minutes without hearing about Nvidia these days. The computer chip giant recently became the largest company in the world by market capitalization and today is valued at over $3.34 trillion. Investors are betting that the huge capital spending on artificial intelligence (AI) will continue, with Nvidia maintaining its dominant market position.

But what companies power Nvidia? There is one that rises above all the rest, and it is the backbone of most advanced semiconductor manufacturing around the globe. Enter Taiwan Semiconductor Manufacturing (NYSE: TSM), a company powering Nvidia and the AI revolution.

Is the stock a buy? Let's take a closer look and find out.

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Source Fool.com