Air Products Stock Could Be a Hidden Gem Among All the Chip Manufacturing Hype
Warren Buffett captured headlines when it was revealed that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) made a multi-billion dollar investment in top chip foundry company Taiwan Semiconductor Manufacturing (NYSE: TSM). Many investors have been excited about the move, and are looking to follow Buffett's lead.
But maybe that's not such a great idea. Apple (NASDAQ: AAPL) makes up over more thanof Buffett's stock portfolio, and is a top customer of Taiwan Semi. Perhaps Buffett is simply hedging his Apple bet, especially since Taiwan Semi just passed big chipmaking price increases on to customers like Apple.
Nevertheless, a huge surge in chip manufacturing is shaping up around the globe, including here in the U.S. Rather than investing in Taiwan Semi stock, give Air Products & Chemicals (NYSE: APD) a serious look first.
Source Fool.com
