When investors debate the future of the artificial intelligence (AI) trade, the conversation generally finds its way back to the usual suspects: Nvidia, Advanced Micro Devices, and cloud hyperscalers like Microsoft, Amazon, and Alphabet.
Each of these companies is racing to design GPUs or develop custom accelerators in-house. But behind this hardware, there’s a company that benefits no matter which chip brand comes out ahead: Taiwan Semiconductor Manufacturing (NYSE: TSM).
Let’s unpack why Taiwan Semi is my top AI chip stock over the next 10 years, and assess whether now is an opportune time to scoop up some shares.