Mehdi Hosseini, senior equity research analyst at Susquehanna, says that while TSMC's revenue mix could get a few percentage points of upside from its China business, the main growth drivers going forward are the shipments of Nvidia Blackwell chips to the U.

Wedbush analyst Matt Bryson says Taiwan Semiconductor's strong Q2 earnings confirm red-hot demand for AI chips, signaling continued strength for Nvidia and the broader tech sector.

Overall, with its combination of leading and emerging businesses, Alphabet looks like one of the best AI stocks to own over the long term. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors.

Taiwan Semiconductor Manufacturing Company Limited stock is currently still experiencing bullish momentum. Click here to find out why TSM stock is a Hold.

Taiwan Semiconductor Manufacturing Co. on Thursday boosted its full-year revenue growth projections, as strong AI demand continues to fuel results at the world’s largest contract chip maker.