ASML and Taiwan Semiconductor are foundational AI companies, but only one is delivering impressive results for shareholders.

The artificial intelligence (AI) boom has been fueled by large tech companies developing impressive AI models that can handle increasingly complex tasks. But a sometimes overlooked aspect of AI are the companies that manufacture complex processors that make those models possible.

Two such semiconductor manufacturing companies are ASML ( ASML -2.78% ) and Taiwan Semiconductor Manufacturing ( TSM -3.05% ) , often referred to as TSMC. While both have their strengths, which one looks like the better stock right now? Here's what's happening with each, and which one is likely the better AI stock .

ASML's opportunities and risks

ASML has a unique angle

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