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Key Facts on Investment in AI-Driven Companies
Investors are encouraged to consider Taiwan Semiconductor Manufacturing (TSMC) and Meta Platforms for potential gains driven by advancements in artificial intelligence (AI). TSMC’s stock (NYSE: TSM) has risen 50% year-to-date and expects a 20% compound annual revenue growth through 2029, with AI chips projected to contribute over 40% annualized revenue growth in the coming years.
Meta Platforms (NASDAQ: META) anticipates a 19% increase in revenue this year, reaching $196 billion, alongside an 18% growth in earnings per share to $28.19. The company is investing up to $72 billion in AI initiatives and expanding its workforce to accelerate AI development as part of CEO Mark Zuckerberg’s strategic vision.
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