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
€293.00
0.860%
With 26 Buy predictions and 2 Sell predictions Taiwan Semiconductor Manufacturing Co. Ltd. ADR is one of the favorites of our community.
As a result the target price of 304 € shows a slightly positive potential of 3.75% compared to the current price of 293.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
