Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Instead
When it comes to investing in artificial intelligence (AI), it may seem like Nvidia is the main focus of investors. The company has muscled its way into the "Magnificent Seven" as it claims between 80% and 95% of the AI chip market.
However, Nvidia has also grown to a price-to-sales (P/S) ratio of 36, leading some to question whether that stock has become overvalued. Investors may want to look to other AI stocks, and two hold the potential to deliver outsize investor returns.
Investors may have to look no further than Nvidia's manufacturer, Taiwan Semiconductor Manufacturing (TSMC) (NYSE: TSM). As the leading producer of the world's most advanced chips, TSMC makes Nvidia's success possible. Additionally, it is the leading manufacturer of chips for companies like Apple and AMD and has even attracted business from an emerging competitor in its industry, Intel.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
Taiwan Semiconductor Manufacturing Co. Ltd. ADR is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 150 € there is a slightly positive potential of 16.28% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 129.0 €.
