Better AI Stock: Nvidia vs. Taiwan Semiconductor Manufacturing Company
Few topics consumed the investing world in 2023 like artificial intelligence (AI). Thanks to the success of OpenAI's ChatGPT, AI surged into the mainstream. Most top companies that even remotely deal with AI benefited from this surge in interest and investments.
Two prime examples are Nvidia (NASDAQ: NVDA) and Taiwan Semiconductor Manufacturing (NYSE: TSM) (TSMC). Both companies play different roles in the AI ecosystem but are vital to making it run as we know it today. For investors wondering which may be the better AI stock, it comes down to dependence.
No other company benefited more from the recent AI hype than Nvidia. The company's stock finished 2023 up over 238% -- almost 10 times the S 500's returns. The surge helped it join the coveted trillion-dollar market cap club.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
As a result the target price of 150 € shows a slightly positive potential of 16.46% compared to the current price of 128.8 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
