As AI Data Center Demand Surges, Taiwan Semiconductor Manufacturing Could Be the Biggest Long-Term Beneficiary

TSMC is set to be a huge beneficiary of the ongoing surge in AI data center demand.The artificial intelligence (AI) infrastructure market is booming, with demand for AI data centers surging. Chip designer Nvidia (NVDA +1.65%) has predicted that AI data center capital expenditures (capex) could grow at a 40% compound annual growth rate (CAGR) over the next five years to between $3 trillion to $4 trillion by 2030. Given the current market trends, that doesn't seem like a stretch. Right now, the big three clou ...