Better Chip Stock: TSMC vs. Micron Technology
Taiwan Semiconductor Manufacturing (NYSE: TSM) and Micron Technology (NASDAQ: MU) both represent promising ways to invest in the growth of the semiconductor market. TSMC (as it's often called) is the world's largest contract chipmaker, producing chips for Apple, AMD, and Nvidia, among others. Micron is one of the world's leading manufacturers of DRAM and NAND memory chips.
Both chipmakers struggled in 2023 as the PC and smartphone markets cooled. But their stocks rallied over the past 12 months in anticipation of their cyclical recoveries and the expansion of the artificial intelligence (AI) market. Should investors buy either of these semiconductor stocks as they hover near their all-time highs?
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 81.11% compared to the current price of 714.5 € for Micron Technology Inc..
