The crypto market has experienced a downturn in recent years, with factors such as geopolitical tensions and artificial intelligence concerns contributing to the decline. However, two tech stocks are poised to shine in the long term: Taiwan Semiconductor (TSMC) and Alphabet, Google's parent company.
TSMC is the leading chip maker, holding around 70% of the global market for advanced processors. Its manufacturing skills enable it to produce efficient chips for AI, which are in high demand by big names such as Nvidia. TSMC's sales have jumped 26% to $33.7 billion in the latest quarter, with earnings rising 35% to $3.14 per American Depositary Receipt (ADR).
Looking ahead, company leaders predict strong expansion, with sales potentially increasing by 30% by 2026 from last year. This steady growth is a far cry from the boom-and-bust cycles experienced in the crypto market.