AI Boom Could Turn $10K Into $1M - TSMC and Super Micro Poised to Ride the Wave
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Artificial intelligence (AI) presents a huge growth opportunity, with the market expected to reach $1.3 trillion by 2032. Stocks exposed to AI could turn a $10,000 investment into over $1 million.
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Taiwan Semiconductor Manufacturing (TSMC) is the world's largest semiconductor foundry with 58% market share. It stands to benefit from booming demand for AI chips.
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TSMC's revenue from advanced 3nm chips expected to hit $12.7 billion in 2023. Its earnings could more than double by 2026.
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Super Micro Computer's servers being used to mount AI chips. Its $14.5 billion revenue forecast for 2023 shows it's at the start of a major growth curve.
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Super Micro's earnings projected to increase 48% annually over the next 5 years. Its stock price could triple over the next decade as the AI server market expands.