Nvidia and TSMC Appear Undervalued Despite AI Boom While SoundHound Draws Questions
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SoundHound AI stock has surged recently, but high valuation raises questions. More established AI plays like Nvidia and TSMC appear undervalued.
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Nvidia revenue and earnings growing extremely fast thanks to AI chips. Stock trades at reasonable forward P/E and has very low PEG ratio.
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TSMC manufactures chips for Nvidia and other AI leaders. Set to benefit from 38% annual AI chip market growth through 2030.
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TSMC dominates the foundry market with 61% share. Aggressively expanding capacity to meet AI chip demand.
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Consensus forecasts predict impressive earnings growth for Nvidia and TSMC over next 3 years. Both seem like compelling investments.