Missed Out on Nvidia? Buy Taiwan Semiconductor Manufacturing Instead
Many investors have missed out on the incredible rise of Nvidia's (NASDAQ: NVDA) stock. While most don't own it individually, a larger cohort owns it through index fund exposure. Many investors might be looking for the next Nvidia, but rises like that don't happen often.
If you've missed out on Nvidia, I'd propose another company worthy of an investment: Taiwan Semiconductor Manufacturing (NYSE: TSM). The company is benefiting from the same wave that Nvidia is, but it's also more diversified and will be protected in the event of GPU demand falling (which has happened quite often throughout Nvidia's history).
Taiwan Semiconductor Manufacturing (TSMC) is the world's largest contract chip manufacturer. This means it takes designs from other businesses and manufactures them. This is no different than a standard machine shop or fabrication specialist; it just happens to be in the Semiconductor realm.
Source Fool.com
