In this article, I have evaluated Taiwan-based Taiwan Semiconductor Manufacturing Company Limited (TSM) and Lam Research Corporation (LRCX) to determine which chip stock to buy, hold or sell. After thoroughly evaluating these stocks, I think while TSM could be a solid buy, waiting for a better entry point for LRCX could be ideal for the reasons discussed in this article.
The rising penetration of digital technologies and the rising adoption of various consumer electronics across the globe are fostering the growth of the semiconductor market. Moreover, the rising popularity of the latest technologies, such as artificial intelligence and the Internet of Things, that require the use of advanced chips is expected to provide growth opportunities to the market players in the foreseeable future.
