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My Top Semiconductor Stock to Buy for 2023, and It Is Not TSMC

Harsh Chauhan, The Motley Fool
·4-min read
My Top Semiconductor Stock to Buy for 2023, and It Is Not TSMC

Famed investor Warren Buffett brought Taiwan Semiconductor Manufacturing (NYSE: TSM) into the spotlight this month after the Oracle of Omaha's Berkshire Hathaway holding company revealed it bought a $4.1 billion stake in the foundry giant. It won't be surprising to see the stock maintain this terrific momentum in 2023 and beyond because management's long-term growth projections, presented at the company's latest investor day, point toward healthy demand for ASML's offerings. ASML expects annual revenue to range between 30 billion euros and 40 billion euros in 2025.

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