Taiwan Semiconductor Manufacturing (TSM) is the world’s leading semiconductor foundry, catering to the specific needs of key partners like Nvidia, Apple, and AMD. Despite a 25% pullback year to date, the stock has surged over 200% in the past five years, with a promising outlook due to its crucial role in the AI pipeline. TSMC’s production of powerful AI chips at scale, efficiency, and high demand has fueled its growth, with management expecting a mid-40% compound annual growth rate for AI accelerator revenue over the next five years.
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2 Soaring Growth Stocks to Buy and Hold Forever
Microsoft (NASDAQ: MSFT) and Shopify (NASDAQ: SHOP) have seen significant share price increases this year, with Microsoft up 20% and Shopify up 27%. Despite their gains, both companies still offer substantial upside potential and possess qualities of "forever stocks," indicating they remain strong investment options. Want More Context? 🔎
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