Prediction: Taiwan Semiconductor Manufacturing Will Soar Over the Next 5 Years. Here's 1 Reason Why.

Chipmaking giant Taiwan Semiconductor Manufacturing (NYSE: TSM) -- also known as TSMC -- doesn't get the attention that other big tech companies tend to get, but it's an under-the-radar dynamo that powers much of the world's technology. Companies come to TSMC with chip designs; TSMC brings those designs to life.In the past five years, TSMC's stock is up around 252%, more than 2.5 times the S&P 500 index's gains in that span (as of July 14). Nobody knows how the stock will perform over the next five years, but I predict it will continue soaring. The reason? Its critical role in the artificial intelligence (AI) pipeline.TSMC's semiconductors power data centers, which together make training and deploying AI possible. Its ability is leagues ahead of competitors', making it the go-to for AI chip manufacturing, and the demand has begun showing in its financials.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool