TSMC Just Scored a Big Win: Time to Buy the AI Stock?

30.10.24 10:45 Uhr

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Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the most powerful companies in the globe. It's the world's biggest contract manufacturer, handling production for some of the most important tech companies like Apple, Nvidia, Broadcom, and Advanced Micro Devices.The company dominates the market in third-party chip manufacturing with an estimated market share of 62% -- and around 90% for advanced chip manufacturing. As a result, TSMC is a linchpin in the global economy and a major player in the artificial intelligence (AI) boom.That's helped drive its valuation above $1 trillion after the company posted strong third-quarter results. In addition, Taiwan Semi just shared some news that shows its global diversification strategy is paying off.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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