Prediction: 1 Stock That Will Be Worth More Than Nvidia 10 Years From Now
The power in the semiconductor industry centers around one company.
Nvidia (NASDAQ: NVDA) is up over 18,000% in the last 10 years. It is one of the best-performing stocks in the world during that time and is now the third-largest company in the world by market capitalization. With its lead in innovation on artificial intelligence (AI) computer chips, I believe holders of Nvidia stock will do well over the long term.
However, I think there is a better company in the semiconductor sector to buy instead of Nvidia: Taiwan Semiconductor Manufacturing (NYSE: TSM). Known as TSMC, this gigantic manufacturer is the company that actually makes computer chips for Nvidia and a whole host of other computer chip designers. Here's why I believe the company will be worth more than Nvidia 10 years from now.
A relatively unknown company compared to Nvidia, TSMC is a contract manufacturer that builds computer chips for other companies, but does not design and compete to sell computer chips itself. It has a wide range of customers such as Apple, Nvidia, and Broadcom.
