Taiwan Semi Stock Still Looks Cheap. Here's Why.

If artificial intelligence (AI) is to become part of everyday life, one thing is clear - we're going to need a lot more computing power, and therefore a lot more of the semiconductors that power that computing.

Each model that has been developed by OpenAI has cost 25 to 100 times more than the previous one. The current version, GPT-4, cost $100 million to develop, while GPT-5 (currently in development) will cost an estimated $2.5 billion.