Better Buy: AMD vs. Taiwan Semiconductor
AMD (NASDAQ: AMD) and TSMC (NYSE: TSM) have both soundly outperformed the Philadelphia Semiconductor Index's 10% gain over the past 12 months.
AMD's stock more than doubled as investors cheered the chipmaker's gains against Intel (NASDAQ: INTC) in the PC and data center markets. TSMC's stock advanced 20% as the top chipmaking foundry experienced a surge in orders from top customers like AMD, Apple, and NVIDIA (NASDAQ: NVDA).
AMD and TSMC were both fairly well-insulated from the COVID-19 pandemic. AMD even benefited from more people buying PCs to work from home, while TSMC still produced a steady stream of chips for its top customers. Will AMD continue to outperform TSMC and the broader market this year, or is it time for the Taiwanese foundry to take the lead?
Source Fool.com
