Want to Retire a Millionaire? This AI Stock Can Help With That.
Investing in artificial intelligence (AI) companies could be lucrative because no one really knows how far the technology will reach. But on the flip side, this technology might also fizzle out and not provide the returns investors are looking for.
There's one company that allows investors to succeed regardless of how the AI trend plays out: Taiwan Semiconductor Manufacturing (NYSE: TSM). And an investment could help you retire a millionaire someday. Read on to find out why TSMC could be a portfolio-defining investment.
Companies that want to train AI models rely on graphics processing units (GPUs) to constantly test and refine the platform using different data sets. And several sources are used to collect that data, which also requires GPUs. The company and the software developer also use the chips to train the model.
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 8.25% compared to the current price of 147.8 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
