25.12.2024 13:15:00

Better Artificial Intelligence Stock: ASML vs. Taiwan Semiconductor

Artificial intelligence (AI) has been a boon to the semiconductor industry. The need for faster, more powerful chips to fuel AI enabled the industry's sales to hit $627 billion in 2024, a 19% year-over-year increase.Two companies critical to the production of semiconductor chips are ASML (NASDAQ: ASML) and Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC. The former produces lithography equipment used in making microchips for AI. TSMC is one of its customers and a key chip manufacturer for businesses such as Nvidia.Given their crucial roles in the industry, does one win out as a better investment to capitalize on AI's growth? Let's dig into ASML and TSMC to find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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