Prediction: Taiwan Semiconductor Manufacturing Will Soar Over the Next 5 Years. Here's 1 Reason Why.

Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's leading semiconductor (chip) foundry. Its foundry business model means it makes chips tailored to its customers' specific needs, and key partners include Nvidia, Apple, and Advanced Micro Devices.The stock has been on a roll, up over 200% in the past five years, despite pulling back 25% year to date. And the next five years seem just as promising thanks to its role in the artificial intelligence (AI) pipeline.To see how vital the company, also known as TSMC, is to AI development, it's important to work backward, beginning with the end product: AI applications. For AI applications to be effective, they need to be trained using lots (and I do mean lots) of data. This data must be processed and managed in advanced data centers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool