Fancy Nvidia? You might like this one WSJ’s Jacky Wong thinks Taiwan Semiconductor Manufacturing (NYSE:TSM) is a cheaper AI play than investing in Nvidia. TSM manufactures Nvidia’s chips and controls 90%+ of the advanced chip market. The stock trades with a 17x price-to-earnings ratio — below its historical average and lower than Nvidia’s 68x, according to Morningstar. Watch your step: TSM has been caught between China and Taiwan’s political tensions — leading to Warren Buffett selling nearly his entire stake.
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