Forget Nvidia, This Is the Only AI Stock You Need

By Travis Hoium – May 17, 2024 at 8:27AM

NYSE: TSM

Taiwan Semiconductor Manufacturing

Market Cap

$783B

Today's Change

(-1.25%) -$1.92

Current Price

$151.04

Price as of May 31, 2024, 4:00 p.m. ET

This stock is cheaper than Nvidia, has more growth potential, and will also grow as Nvidia's most critical supplier.

Nvidia (NVDA -0.79%) is the biggest name in artificial intelligence, but the future of AI includes a lot of products Nvidia won't be involved with. In this video, Travis Hoium shows why Taiwan Semiconductor Manufacturing (TSM -1.25%) may be a better bet long term.

*Stock prices used were end-of-day prices of May 15, 2024. The video was published on May 16, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Meta Platforms, Microsoft, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.