3 No-Brainer Stocks to Buy in December

Core Viewpoint - The article highlights three stocks—ASML, Taiwan Semiconductor Manufacturing, and Meta Platforms—as attractive investment opportunities in December 2024, particularly due to their potential benefits from the artificial intelligence (AI) sector. Group 1: Company Insights - ASML specializes in lithography machines essential for chip manufacturing, holding a technological monopoly as the sole producer of these machines [3][4] - Taiwan Semiconductor utilizes ASML's machines to fabricate advanced chips for major clients like Nvidia and Apple, ensuring steady income growth through continuous technological advancements [5][6] - Meta Platforms, primarily known for its advertising revenue, is heavily invested in generative AI, with its Llama model being a leading open-source option for developers [7][8] Group 2: Financial Valuation - ASML's stock has become a bargain following a decline in revenue guidance for 2025, now trading at 33 times forward earnings, similar to its valuation from the previous year [10][12] - Taiwan Semiconductor's stock price has risen throughout 2024, with projected revenue growth of about 25% and earnings per share (EPS) expected to increase by 26% next year, indicating a fair valuation [12] - Meta Platforms is currently the cheapest of the three, trading at 25.4 times forward earnings, with recent quarterly revenue growth of 19% and EPS growth of 38% year over year, suggesting it is a good buy [13]