From Nasdaq: 2024-06-10 18:05:00

Nvidia (NASDAQ: NVDA) has seen a massive 727% increase in stock prices in less than 18 months due to high demand for AI chips. Revenue in fiscal 2024 reached $60.9 billion, with analysts predicting nearly $120 billion for the current fiscal year. Consider investing in TSMC, which manufactures chips for Nvidia and others at a great value compared to Nvidia.

TSMC’s stock is currently trading at a discount compared to Nvidia, making it an attractive investment for those looking to capitalize on the growing AI chip market. TSMC plays a crucial role in manufacturing chips for top chipmakers such as Intel, AMD, and Nvidia, positioning it well for future growth in the AI semiconductor market. Analysts forecast strong revenue growth for TSMC in 2024 and beyond.

With increased revenue in Q1 2024 and strong growth forecasts for 2024 and 2025, TSMC is set to deliver impressive growth in the AI chip market. The company’s role in manufacturing chips for AI-enabled devices like smartphones and PCs positions it well to benefit from the proliferation of AI technology. Consider investing in TSMC for potential long-term growth opportunities in the AI sector.



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