1 Magnificent Artificial Intelligence (AI) Semiconductor Stock to Buy Before It Soars Higher
The semiconductor industry has received a big boost from the growing demand for artificial intelligence (AI) applications. That's not surprising, as training AI models in data centers wouldn't be possible without the processing power of semiconductors, which explains why companies in this sector have soared impressively over the past year or so.
Nvidia, for instance, has more than tripled in the past year, driven by stellar growth in its revenue and earnings on the back of the booming demand for the company's graphics cards. However, Nvidia's rapid surge wouldn't have been possible without its foundry partner Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC.
While Nvidia designs the chips, it outsources the manufacturing to TSMC, so it wasn't surprising to see TSMC deliver solid results on April 18 for the first quarter. Let's take a closer look at TSMC's numbers before understanding why this semiconductor stock is an attractive buy right now.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Aktie
Und die Aktie ist derzeit mit 18 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ein Geheimtipp unserer Community.
Trotz eines Kursziels von 155 € für Taiwan Semiconductor Manufacturing Co. Ltd. ADR, das unter 161.2 € liegt, zeigt sich ein Potenzial von -3.85%.
