What Is One of the Best Artificial Intelligence (AI) Stocks to Own for the Next 5 Years?

Group 1 - Artificial intelligence (AI) is projected to contribute $40 trillion in operating efficiencies to the global economy long-term, with Taiwan Semiconductor Manufacturing Co. (TSMC) positioned as a key beneficiary due to its role in chip production [1] - TSMC has experienced a stock price increase of 354% over the past three years, indicating strong market performance and potential for continued investor returns [1] - The company specializes in advanced chip technologies for data centers and devices, generating a net profit margin of 44%, which reflects its robust profitability [3] Group 2 - In the third quarter, 57% of TSMC's sales were driven by demand for high-performance AI chips, with expectations for continued growth in this segment over the next five years [4] - Analysts forecast TSMC's revenue and earnings to grow at an annualized rate of 17% through 2029, with the stock trading at a forward earnings multiple of 24 based on 2026 estimates [4] - TSMC is recognized as the leading chip manufacturer globally, specializing in advanced manufacturing for major semiconductor companies like Nvidia and Advanced Micro Devices, indicating strong market positioning [6]