2023-07-14 06:45:00 ET
If you've got $1,000 burning a hole in your pocket, there is one stock I'd recommend buying right now: Taiwan Semiconductor (NYSE: TSM) . This industry leader in chip production is nearing a new cycle in its business. However, the market hasn't reacted to it yet.
Read on to discover why TSMC is such a great buy now and why it deserves a spot in your portfolio.
Taiwan Semiconductor is in a unique market position. Because it is a contract semiconductor factory, it provides the chips necessary to build a wide variety of products, including Apple iPhones and Nvidia graphics processing units (GPUs) used for powering artificial intelligence (AI) models.
For further details see:
1 Unstoppable Stock to Buy With $1,000