Should You Buy Taiwan Semiconductor Manufacturing Company Limited (TSM)?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Top 13 Stocks That Will Skyrocket.

The final stock on our list is also from Porter Stansberry and Luke Lango’s “1776 moment” newsletter. As discussed above, the newsletter compares the current AI wave to 1776, the year of the American Revolution. It outlines that a confluence of three factors, namely politics, economy, and technology, led to the prosperity of the United States after the Revolution. Likening the Revolution, with the current AI wave, the newsletter shares that three firms are driving the current AI build out.

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Among these, the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is responsible for manufacturing “90% of the chips needed for the revolution.” The firm is the world’s largest contract manufacturer of advanced chips. Aletheia Capital discussed Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shares on June 16th. It set the share price target at NT$3,500 and kept a Buy rating on the firm. The research firm remarked that the chip manufacturing company is slated to grow its capital expenditure and wafer capacity.

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 the cheapest AI stock.

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