1 Reason Wall Street Is Obsessed With Taiwan Semiconductor Manufacturing Stock

The average person may not be well-versed in what a semiconductor does, but there's a good chance that they unknowingly interact with them daily. Present in everything from smartphones to household appliances to cars to graphics processing units (GPUs), semiconductors (or "chips") are the unsung heroes of the tech world, acting as the brains in many technologies.When it comes to semiconductor manufacturing, there's the appropriately named Taiwan Semiconductor Manufacturing (NYSE: TSM) -- also known as TSMC -- and then there's everyone else. TSMC pioneered the foundry model, where companies come to them with semiconductor designs and it brings them to life.The one reason Wall Street has been obsessed with TSMC's stock, which has more than doubled the S&P 500 index's returns this year (through Aug. 15), is because of the stronghold it has on producing artificial intelligence (AI)-related chips.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool