Prediction: This Will Be the Top-Performing Semiconductor Stock Over the Next 10 Years (Hint: It's Not Nvidia)
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The launch of ChatGPT on Nov. 30, 2022 represented one of the leading catalysts that sparked the revolution around artificial intelligence (AI). Since that date, shares of semiconductor stock Nvidia have soared an astronomical 550%, transforming the company to a multitrillion-dollar enterprise in the process. While semiconductor chips should remain an integral component of AI development, investors want to identify new growth opportunities beyond Nvidia. Taiwan Semiconductor Manufacturing (NYSE: TSM) is another company that looks well-positioned to dominate the AI chip arena over the next decade. Its growth prospects and valuation trends support the case for why Taiwan Semi is my top choice in the chip space right now.Chances are you're familiar with names like Nvidia, Advanced Micro Devices, and Broadcom when it comes to advanced chipsets and data center infrastructure used for building AI applications. What you may not be so familiar with, however, is the role Taiwan Semi plays in the background.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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