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
€279.00
-0.180%
With 28 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 309 € shows a slightly positive potential of 10.75% compared to the current price of 279.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
