Taiwan Semiconductor is slated to have strong growth over the next five years and can be purchased at a fair price. Additionally, it pays a respectable dividend that is slated to grow as well. TSMC is about as no-brainer of a purchase as it gets, and I expect it to easily outperform the market moving forward.

Better-than-expected results from memory chip specialist Micron provided fresh evidence the adoption of AI still has room to run.

Taiwan Semiconductor remains a top pick for investors with strong market share, tech leadership, and growth potential at a fair valuation. See why TSM stock is a Buy.