Looking to Buy Your First AI Stock? This Is the Best Choice (Hint: It's Not Nvidia).
TSMC(TSM) The Motley Fool·2024-10-19 12:15
This chip manufacturer sees a bright future for AI.Nvidia (NVDA 0.78%) dominated the artificial intelligence boom thus far, and it's easy to see why.The company has a monopoly-like share of the data center GPU market with an estimated 98% in 2023. Those are the components that cloud hyperscalers like Amazon and Microsoft and AI start-ups like OpenAI depend on to run intensive generative AI applications like ChatGPT. Demand continues to outstrip supply for its chips, and its new Blackwell platform is already ...