True Value
TSMC Is Critical for AI, and Its Shares Are on Sale
The chip manufacturer is growing fast despite headwinds, yet its valuation has fallen, creating a buying opportunity
Artificial intelligence depends on Nvidia’s computer chips. Nvidia depends on Taiwan Semiconductor Manufacturing Co. to make those chips. Right now, TSMC is in many ways the better way to invest in AI for the long term.
TSMC and Nvidia are closely linked in business and in the stock market. Both companies’ stocks have soared on the back of the AI boom and both are down this year, partly as a result of President Donald Trump’s tariff threats.