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Is TSMC the Only AI Stock You Need?
Earnings season is kicking off again, and one of the biggest companies to report earnings so far is Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC as it's also known.TSMC is the world's biggest manufacturer of semiconductors, and it pioneered the foundry model. Unlike most semiconductor manufacturers, TSMC doesn't do any chip design. It's a third-party foundry, meaning it only manufactures chips for other companies like Apple, Nvidia, Advanced Micro Devices, and others.That position makes it a bellwether in the industry as it handles more than half of third-party chip production in the world and roughly 90% of advanced chip production. TSMC has already been a winner in the AI era, and those AI tailwinds were on display again in the second-quarter earnings report.Continue readingWeiter zum vollständigen Artikel bei MotleyFool