Nvidia has been the biggest star of the AI show so far, but another semiconductor stock could carry even more upside in the long run.

When investors think about artificial intelligence (AI) and the chips powering this technology, one company tends to dominate the conversation: Nvidia ( NVDA ) . It has become an undisputed barometer for AI adoption, riding the wave with its industry-leading GPUs and the sticky ecosystem of its CUDA software that keep developers in its orbit. Since the launch of ChatGPT about three years ago, Nvidia stock has surged nearly tenfold .

Here's the twist: While Nvidia commands the spotlight today, it may be Taiwan Semiconductor Manufacturing ( TSM -0.68% ) that holds the real keys to growth as we look toward the next decade. Below, I'll unpack

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