3 Underrated AI-Leveraging Tech Stocks to Watch in 2024

Group 1: Taiwan Semiconductor (TSM) - Taiwan Semiconductor is crucial to the global chip market, significantly impacting the tech sector and the world economy, especially highlighted during the pandemic's disruption of the $891 billion semiconductor industry [1] - Despite geopolitical risks, TSM is considered an underrated tech stock, currently off 10% from its high, with a strong second-quarter performance overshadowed by these concerns [2] - The potential for geopolitical tensions, such as a Chinese invasion of Taiwan, remains a low-probability event, yet it causes anxiety among investors in the semiconductor sector [6][7] Group 2: Coursera (COUR) - Coursera, valued at $1.1 billion, is positioned as a strong AI play insulated from geopolitical risks, leveraging generative AI for personalized learning experiences [11][4] - The company is seen as a great value buy, especially as its shares are close to all-time lows, appealing to investors interested in the AI-driven education technology revolution [3] Group 3: Netflix (NFLX) - Netflix maintains a dominant position in the streaming market, showcasing immense pricing power and a strong content strategy that sets it apart from competitors [14] - The company reported a solid second quarter, adding 8 million new subscribers, indicating continued growth despite its size, and is investing in AI for personalization and content creation [18]