The Taiwanese companyTSMC, which notably produces chips for Apple, has just completed a record 2024. The share price is up 84% over the last 12 months. This is the best year for the company since 1999. According to the Bloomberg press agency, these results can simply be explained by the increase in demand in areas linked to artificial intelligence.
TMSC: a sure value
For American financier Kevin Net, TSMC today represents the best valuation to follow “without having to choose a winner and a loser”. The idea is not to bet on any particular artificial intelligence, but on the manufacturers, those who work in the back room to build all the models of artificial intelligence, the ones that will succeed and be popular like the others.
As such,TSMCtherefore represents the best option for many financiers, especially since the company has solid backing. It has just completed a final quarter withan increase in sales of 36%, all with a gross profit margin of 58.3%. More than TSMC, an entire sector is benefiting from the emergence of AI.
A whole growing sector
Other companies that produce chips and components like Nvidia or Broadcom have gained dozens of points on the stock market. Broadcom has thus reached a market valuation of $1,000 billion. An impressive increase which should continue, at least until 2027. Bloomberg predicts that a million chips dedicated to artificial intelligence will be produced before this date.
Many are now waiting for Nvidia's announcements at CES 2025 next January. The company should take advantage of this show to present its new products. Experts expect that Nvidia's performance alone will allow the entire sector to see a few points of additional growth.
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By : Keleops AG
