Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Be the Best Chip Company to Own Over the Next Decade (Hint: Not Nvidia)
Over the last couple of years, the technology industry has become overwhelmingly enamored with artificial intelligence (AI). In particular, semiconductor stocks have witnessed newfound growth and investors can't seem to get enough. While Nvidia is the biggest icon in the chip space right now, I see another company emerging as a superior investment over the next several years.
Let's explore why Taiwan Semiconductor Manufacturing (NYSE: TSM) -- commonly known as TSMC -- might be the most lucrative opportunity of all at the intersection of AI and chipmaking.
Nvidia specializes in the development of advanced semiconductor chips called graphics processing units (GPUs). GPUs are a core component across many generative AI applications such as training large language models (LLMs).
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 23 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 160 € shows a slightly positive potential of 7.38% compared to the current price of 149.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
