TSMC's Impressive Growth Continues
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Semiconductor StockThe Motley Fool
•Technology
Technology
This May Be the Best Artificial Intelligence (AI) Semiconductor Stock to Buy Right Now
81% Informative
Taiwan Semiconductor Manufacturing ( TSMC ) released its first-quarter results on April 17 .
The company's revenue and earnings rose impressively from the year-ago period.
Management's guidance indicates that it isn't expecting a slowdown in its growth on account of the tariff-fueled trade war.
TSMC 's chip manufacturing services are used by AI chip giants such as Nvidia , Broadcom, Marvell , AMD , and Intel .
Along with AMD and Intel , which manufacture chips used in personal computers (PCs).
Taiwan Semiconductor Manufacturing is trading at less than 20 times earnings.
The AI chip market is expected to grow at an annual rate of almost 35% through 2035 .
Investors looking to add a top AI stock to their portfolios should consider buying TSMC following its 25% decline this year .
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