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Can Taiwan Semiconductor Stock (NYSE:TSM) Replicate Invista's Performance?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), the world's largest chip maker, recently announced impressive March revenue figures. It's worth noting that INVISTA (NASDAQ:NVDA), which has risen 242.5% over the past year, relies on TSM to make its chips. However, TSM's stock price performance (up 71.5% over the same period, see chart below for comparison) has been relatively lackluster. This begs the question: Can TSM replicate NVDA's glorious performance? The answer is probably "yes". As the artificial intelligence boom continues to grow, the answer is probably "yes.

INVISTA STOCK (NASDAQ:NVDA): More Cyclical Than You Think

Nvidia (NASDAQ:NVDA) designs semiconductors for everything from artificial intelligence to gaming to cryptocurrency mining, and also owns the AI training software Cuda. The company also owns Cuda, an artificial intelligence training software, and I'm bearish on Nvidia, which trades at 76 times P/E and is likely to see its margins peak. I think the company is more cyclical than most people think. Like Tesla (NASDAQ:TSLA) in the electric car space, Nvidia enjoys a first-mover advantage in artificial intelligence. The problem is that, like Tesla in the electric car space, competition is growing exponentially.
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