Jim Cramer on Taiwan Semiconductor: “That’s What I’d Call the Foreign Risk Profile”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller inquired about the stock, and here’s what Mad Money’s host had to say:

“Okay, now, my problem with TSM, it’s gone up much more of late… than NVIDIA. I’d rather be, see you be NVIDIA. Taiwan Semi… That’s what I’d call the foreign risk profile.”

Pixabay/Public Domain

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells integrated circuits and semiconductor devices. The company’s technologies support high-performance computing, smartphones, IoT, automotive, and consumer electronics. Cramer discussed the company during an April episode, as he commented:

“Taiwan Semiconductor is so low. I have to tell you… Look, I have tremendous conviction that it’s very difficult to politically… say that we will protect Taiwan Semi. I will say this, that is one of the greatest manufacturers in the world, and anybody who thinks that Taiwan Semi should be this low, this cheap is just not a believer in AI, and I am a believer in AI. There we go.”

Since the above comment, the company’s stock is up around 71%.

While we acknowledge the risk and potential of TSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.