This AI Stock Is Quietly Gaining Ground. Should You Buy Now?

Taiwan Semiconductor Manufacturing (NYSE: TSM) is not the stock that gets the big headlines when people talk about artificial intelligence (AI). It doesn't design the chips that are powering the AI infrastructure build-out, like Nvidia (NASDAQ: NVDA) with its graphics processing units (GPUs). But without TSMC's expertise, the AI boom likely would not be possible.What TSMC does do is take all those chip designs and manufacture them at scale. This is something other chip manufacturers do, but not nearly as well or as efficiently, making TSMC one of the most important companies in the entire semiconductor supply chain. That role also gives it a unique advantage because it doesn't have to bet on who wins in chip design. Whichever designer comes out ahead will still need TSMC to make their chips.That's why Nvidia's CEO Jensen Huang has gone out of his way to praise the company. He called TSMC "one of the greatest companies in the history of humanity." He even added that "anybody who wants to buy TSMC stock is a very smart person." That's high praise from the CEO of the largest company in the world. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool