Taiwan Semiconductor Manufacturing (NYSE: TSM) is a key player in the AI chip industry, manufacturing chips for top AI giants like Nvidia and Apple. With a strong market share lead in advanced node technology, TSMC’s revenue jumped 35% to $25.5 billion last quarter. Margins remain robust despite new fabs ramping up.

Despite geopolitical risks and competition, TSMC remains a safe bet in the semiconductor space. The company’s success is tied to overall AI chip demand, not any single company’s products. With projected mid-40% CAGR in AI-related revenue and a focus on autonomous driving, TSMC is well positioned for future growth.

As the leading AI arms dealer, TSMC sells manufacturing services to all AI chipmakers, making it a safe investment for exposure to the AI semiconductor market. The stock is attractively valued with a forward P/E ratio of 24 times and a PEG ratio of less than 0.7. TSMC is one of the best and safest semiconductor stocks to buy right now.

Investors looking for high returns should consider other stocks aside from Taiwan Semiconductor Manufacturing. While TSMC is a solid investment, there are other opportunities for potential monster returns in the market. Join Stock Advisor to access the latest top 10 list and maximize your investment potential.

Read more at Nasdaq: Prediction: Taiwan Semiconductor Manufacturing Stock Is the Safest AI Chip Bet