Could TSMC Become the Next Nvidia?
Nvidia (NASDAQ: NVDA) is often considered the top chipmaking play on the booming artificial intelligence (AI) market. It produces the high-end GPUs that are used to process complex AI tasks at data centers, and sales of those chips are skyrocketing as companies scramble to upgrade their AI capabilities.
That's why Nvidia's stock has soared 1,720% over the past five years. Nvidia could still have room to run as the AI market expands, but many investors are likely wondering whether other AI-related chip stocks can replicate Nvidia's jaw-dropping gains.
Image source: TSMC.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€255.50
1.390%
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
With a target price of 288 € there is a slightly positive potential of 12.72% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 255.5 €.
