Prediction: This Artificial Intelligence (AI) Stock Will Outperform Nvidia Through 2030
If you look back at the past couple of years, there's arguably no stock that has received as much attention as Nvidia (NASDAQ: NVDA). The current artificial intelligence (AI) boom has propelled Nvidia into the spotlight and to being the world's most valuable public company. As of market close on Aug. 8, Nvidia's market cap is $4.55 trillion, more than $570 billion larger than second-place .
There are plenty of things to love about Nvidia's business, especially regarding AI, but if you're looking for an AI-related stock that could outperform it between now and 2030, my prediction would be Taiwan Semiconductor Manufacturing Company (NYSE: TSM) (TSMC).
I'm not saying that in 2030, TSMC will be worth more than Nvidia -- TSMC's market cap is currently around $3.2 trillion less than Nvidia's -- but if today is the starting point, TSMC has a business that puts its stock in a good position to outperform Nvidia's in the next five years.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
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 262 € shows a slightly positive potential of 5.65% compared to the current price of 248.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
