Micron Technology and Taiwan Semiconductor Manufacturing offer strong investment opportunities in the tech sector.

From Nasdaq: 2024-10-11 03:30:00

Nvidia’s stock has surged over 150% in 2024 due to high demand for its AI chips. Micron Technology, another semiconductor company, saw a 93% revenue increase in Q4 2024. Micron’s AI-related opportunities are vast, with the HBM market projected to grow from $4 billion in 2023 to $25 billion in 2025.

Taiwan Semiconductor Manufacturing (TSMC) is a major player in the AI chip market, manufacturing chips for companies like Nvidia. TSMC’s advanced process nodes have enabled the production of efficient chips for Nvidia. TSMC’s earnings are projected to increase by over 20% in 2025 and 2026, presenting a good investment opportunity.



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