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Most investors are wondering which tech titan will eventually win the artificial intelligence (AI) race. However, I believe there may not be one single winner, as the AI ecosystem is too large and too complex for one company to dominate everything. AI is actually several massive markets stacked together.
Today, Nvidia (NVDA) has the dominant position in chips, while Amazon (AMZN) controls the cloud. Meanwhile, Alphabet (GOOGL) has the data advantage, and Meta Platforms (META) holds a massive scale of users. But this is where Taiwan Semiconductor Manufacturing Company (TSM) — or TSMC — becomes fascinating. Even as all of these tech titans win simultaneously, TSMC is a winner, too.
