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The boom-bust cycle that has lately powered a pullback in cryptocurrencies and precious metals is coming for AI stocks, according to BCA Research. And they have an idea for how to play it.
Analysts are very bullish on Taiwan Semiconductor Manufacturing, with price targets pointing to clear upside. Continued data center investments bode well for TSMC's prospects.
Taiwan Semiconductor Manufacturing (TSMC) is thriving on growing demand for advanced chips used for artificial intelligence. CrowdStrike is well positioned to meet the growing demand for security against an increase in AI-driven cyberattacks.
Broadcom has one of the best growth opportunities in front of it of any semiconductor stock. It has become the go-to partner to help companies design their own custom AI chips.
Taiwan Semiconductor Manufacturing's stock jumped 20% after the company reported strong August sales. Broadcom's shares got a boost after its third-quarter earnings and sales beat Wall Street's consensus estimates.
Nvidia's first Blackwell chip wafers in the U.S. were just produced by TSMC. Taiwan Semi is pushing forward by investing $165 billion in U.S. facilities.
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