Taiwan Semiconductor Mfg Co Ltd (TSM)

[peterquinnvet]

Taiwan Semiconductor Manufacturing is a foundry that produces cutting-edge AI chips designed by Nvidia, Apple Inc. (AAPL), Qualcomm Inc. (QCOM) and other semiconductor leaders. TSM also funds its own in-house AI hardware research in specialized areas such as near-memory and in-memory computing, embedded non-volatile memory technologies, 3D integration and error-resilient computing. A semiconductor shortage is supporting margins, and analyst Robin Cheng says the company is perfectly positioned to benefit from a period of high semiconductor industry growth driven by the digital transformation of the global economy. Bank of America has a "buy" rating and a $147 price target for TSM stock, which closed at $128.47 on Jan. 6.

Source: https://money.usnews.com/investing/stock-market-news/slideshows/artificial-intelligence-stocks-the-10-best-ai-companies?slide=9