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This Undervalued Stock Could Join Nvidia in the Trillion-Dollar Club
TSMCTSMC(US:TSM) The Motley Foolยท2024-07-26 07:05

This could be the next semiconductor giant to attain a trillion-dollar market cap.Semiconductor stocks have been in fine form on the stock market since the beginning of 2023, thanks to the terrific demand for chips used to power artificial intelligence (AI) servers, smartphones, and personal computers, among other things. The PHLX Semiconductor Sector index has shot up a terrific 115% since the beginning of last year, driven by the outstanding gains that the likes of Nvidia have clocked during this period.M ...