The Best AI Stock to Buy Now for Less Than $500

From Nvidia (NVDA) and Advanced Micro Devices (AMD) to Apple (AAPL) and Broadcom (AVGO), most of the world’s tech titans rely on one company to manufacture their advanced chips. As the world’s largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company (TSM) manufactures the most cutting-edge chips. This dominant position has made TSMC the backbone of the global semiconductor industry and one of the most important suppliers fueling the AI revolution. TSM stock has surged 33.8% year-to-date, outperforming the broader market gain of 8.4%.

For investors who want their $500 put to work, TSMC may be one of the smartest long-term AI investments now.