This Forgotten AI Stock Is Up 689% and Nobody's Talking About It
Key PointsTaiwan Semiconductor works with all of the major chip companies, bringing their visions to life.
After years of being a theoretical concept, artificial intelligence (AI) gained widespread popularity with the launch of OpenAI's ChatGPT in 2022. This surge in interest led to the emergence of market leaders in AI development, such as Nvidia, Broadcom, CoreWeave, Bloom Energy, Sandisk, and Micron. However, one overlooked AI giant that has experienced remarkable growth and profitability is Taiwan Semiconductor (NYSE: TSM).
TSMC, also known as Taiwan Semi, is a foundry that fabricates chips based on clients' designs. This means it creates the physical components of the chips. TSMC has partnerships with numerous top semiconductor companies, including Nvidia, Broadcom, and Amazon, as well as other tech giants like Apple. Its dominant position in semiconductor manufacturing allows it to benefit from the growth of all its clients.
Unlike investing in individual companies like Nvidia or Intel, TSMC's investment strategy encompasses both, making it a more diversified and potentially lucrative choice. Since ChatGPT's launch, TSMC's stock has surged by an impressive 689%, with ample room for further growth.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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