This Top Chipmaker Stock Has Rallied More Than 200% in 5 Years, and It Still Looks Like a Cheap Buy
Investing in tech stocks right now can look like a dangerous proposition, given the weakness in the markets of late. If tariffs and trade wars sink the economy into a recession, tech spending could come under pressure, and the growth in artificial intelligence (AI) could slow drastically.That's why it's crucial for investors to pay attention to valuations and buy stocks that aren't trading at obscene earnings multiples. One stock that AI investors should consider loading up on today is chipmaking giant Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC, which has amassed impressive 200% gains over the past five years. Here's why it still looks like a cheap buy right now.Continue reading
Investing in tech stocks right now can look like a dangerous proposition, given the weakness in the markets of late. If tariffs and trade wars sink the economy into a recession, tech spending could come under pressure, and the growth in artificial intelligence (AI) could slow drastically.
That's why it's crucial for investors to pay attention to valuations and buy stocks that aren't trading at obscene earnings multiples. One stock that AI investors should consider loading up on today is chipmaking giant Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC, which has amassed impressive 200% gains over the past five years.
Here's why it still looks like a cheap buy right now.
