Taiwan Semiconductor: A Dirt-Cheap AI Play
Taiwan Semiconductor Manufacturing Company Limited offers an attractive value proposition in the AI market.Taiwan Semiconductor is the largest contract chip manufacturer in the world, holding a commanding market share and strong growth in the high-performance Computing segment.The chipmaker's core business is expanding and business trends are favorable. Taiwan Semiconductor also sees a return to double-digit top line growth in FY 2024.Taiwan Semiconductor shares have a very reasonable P/E ratio compared to other expensive AI plays, making its stock an affordable entry into the AI stock market. BlackJack3D I just made Taiwan Semiconductor Manufacturing Company Limited aka TSMC the largest stock holding in my portfolio due to what I believe is an exceptionally strong value proposition in the market for artificial intelligence solutions. Although shares of Taiwan Semiconductor Manufacturing have revalued sharply higher in FY 2024, as part of a major re-pricing of AI companies, I belie