Prediction: This Artificial Intelligence (AI) Stock Will Outperform the Nasdaq Over the Next Decade

The tech-laden Nasdaq Composite index clocked impressive gains in the past decade, rising 374% during this period and outpacing the S&P 500 index's jump of 240%. The disruptive nature of technology companies is a key reason why the Nasdaq has delivered above-average returns. Tech companies can grow at faster rates thanks to the innovation taking place in this sector. New products, services, and features can witness rapid adoption by customers, organizations, and governments, leading to robust revenue and earnings growth for tech stocks.Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, enables innovation and disruption with its advanced chip manufacturing processes. Not surprisingly, TSMC stock has shot up a remarkable 12.5x in the past decade, significantly outpacing the Nasdaq Composite index's jump.Let's look at the reasons why it has real potential to keep outperforming the Nasdaq Composite in the next 10 years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool