The AI industry relies on semiconductor chips from companies like Nvidia. TSMC, a global leader in AI chip manufacturing, is expanding operations due to high demand. TSMC’s sales are up, reporting revenue of 989.9 billion New Taiwan dollars ($33.1 billion) in Q3, with a 30% YoY increase in EPS.

As a key player in the AI industry, TSMC manufactures chips for Nvidia and AMD, experiencing rising EPS in recent years. With growing sales, TSMC is investing $165 billion in new U.S. facilities, making it a promising long-term investment. TSMC stock is attractively priced compared to competitors like Intel.

Despite TSMC’s success, it wasn’t on the list of the 10 best stocks identified by The Motley Fool Stock Advisor team. However, TSMC’s growth potential remains strong, with the company poised for continued success in the AI industry. Shareholder returns have been rewarding, making TSMC a compelling investment option.

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