2024-07-10 09:15:00 ET
The PHLX Semiconductor Sector index has been in rip-roaring form on the market over the past year, clocking outstanding gains of 60% as of this writing and handsomely outpacing the 28% gains that the S&P 500 index has delivered during the same period.
Artificial intelligence (AI) has played a central role in this terrific surge as demand for chips required in training and inferencing of AI models has surged remarkably. As a result, key industry players such as Taiwan Semiconductor Manufacturing (NYSE: TSM) and ASML Holding (NASDAQ: ASML) have benefited mightily. Shares of Taiwan Semiconductor, better known as TSMC, have soared 85% in the past year, while ASML is sitting on gains of 53%.
Both companies are playing a central role in the AI chip market. However, if you had to choose just one of these two semiconductor stocks to capitalize on the AI boom, which one should you buy? Let's find out.
For further details see:
Better Artificial Intelligence Stock: TSMC vs. ASML Holding