As the world’s largest contract chip manufacturer, TSMC works with almost every major AI innovator in the world, including hyperscalers, chip designers such as Nvidia and Advanced Micro Devices, and consumer tech enterprises like Apple. Not surprisingly, management expects its revenue contribution from AI processors (including AI-optimized CPUs, GPUs, and accelerators) to more than triple in 2024, when it will account for a mid-teens percentage of its total revenue.The U.S. stock market demonstrated remarkable resilience in 2024 despite challenges such as lingering inflation, high interest rates, macroeconomic uncertainties, and geopolitical tensions. Which stock is for buy this year?

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