Prediction: This Will Be the Top-Performing Chip Stock Over the Next 10 Years (Hint: It's Not Nvidia)

Over the last couple of years, semiconductor stocks have been some of the biggest beneficiaries of the market's newest megatrend, artificial intelligence (AI). In particular, suppliers of graphics processing units (GPUs) to data centers such as Nvidia and Broadcom have witnessed abnormally high gains relative to those seen across the S&P 500 and Nasdaq Composite.In the background, however, foundry specialist Taiwan Semiconductor Manufacturing (NYSE: TSM) -- known as TSMC -- has quietly emerged as a leader in the chip space in its own right. The best part? The stock is still dirt cheap. Here's why I think Taiwan Semi will turn out to be the top-performing chip stock over the next 10 years.Data center GPUs are important pieces of hardware powering all sorts of exciting generative AI applications. In this sense, companies such as Nvidia, Broadcom, and Advanced Micro Devices should all be considered leaders when it comes to use cases such as training large language models (LLMs) or machine learning.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool