Taiwan Semiconductor (TSMC) experiences revenue growth from AI chip demand, seen as top investment choice.

From Nasdaq.: 2024-09-20 06:45:00

In 2024, Taiwan Semiconductor (TSMC) experienced significant revenue growth, boosted by strong demand for AI chips, with monthly revenue surpassing the previous year. Apple’s iPhone upgrades, fueled by TSMC’s chips, could further drive sales. TSMC is already developing next-gen 2nm chips, promising improved speed and power efficiency for data centers. While TSMC trades at a premium, it still appears reasonably priced compared to other stocks. With a growing dividend yield, TSMC stands out as a top AI investment choice for investors looking to tap into future tech trends.



Read more at Nasdaq.: Opinion: This Is the Best Artificial Intelligence (AI) Stock to Buy Right Now