Taiwan Semiconductor Manufacturing Is Down 35%. Here's Why Now Could Be the Best Time to Buy the AI Stock.

Conditions continue to work in favor of Taiwan Semiconductor Manufacturing (TSMC) (NYSE: TSM). The world's largest chip producer already controls two-thirds of the foundry market, according to TrendForce. Moreover, with artificial intelligence (AI) demand growing at a rapid clip, the need for the chips it produces only continues to rise.Unfortunately, the healthy state of TSMC's business did not prevent a 35% drop in the stock price since January. However, with industry leadership and a diverse and desired client base, the short-term forces hammering TSMC stock are more likely a buying opportunity than a sign of a longer-term decline, and here's why.Other than TSMC's equipment maker ASML, few other AI stocks are in a stronger position. As the world's most advanced chipmaker, its clients are top chip design companies, including Nvidia, Advanced Micro Devices, Qualcomm, and Apple.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool