This AI Chip Stock Looks Like a No-Brainer Buy Right Now

Raise your hand if you've heard the following two words over the past couple of years: artificial intelligence (AI). Chances are that virtually everyone reading this would have their hands raised. AI has been the hottest topic in the stock market and business world over the past couple of years, and there's probably not even a close second.Since the technology hit the mainstream due to the success of generative AI tools like ChatGPT, it has become virtually impossible to escape. With this increased interest in the technology has come increased investor interest in companies dealing with AI in almost any capacity. And this has led to many of these companies' valuations surging to unprecedented levels.Although AI consumer applications are what most people know and interact with, at the heart of the technology are AI chips. If you're looking to take advantage of a dominant company in the industry, look no further than Taiwan Semiconductor Manufacturing (NYSE: TSM) -- also known as TSMC. It's by far the biggest no-brainer AI chip stock to buy right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool