Can Taiwan Semiconductor Stock (NYSE:TSM) Replicate Nvidia's Performance?

Taiwan Semiconductor Manufacturing (NYSE:TSM), the world's largest chipmaker, recently posted impressive revenue figures for March. Notably, Nvidia (NASDAQ:NVDA), which has gained 242.5% in the past year, relies on TSM for chip manufacturing. However, TSM's stock performance (up 71.5% over the same period; see the comparison image below) has been relatively subdued. This begs the question: can TSM replicate NVDA's stellar performance? The answer is likely a "yes." With the ongoing AI boom, increased funding from the U.S., and an attractive valuation, TSM looks like a compelling buy right now. Pre-Earnings Numbers Point to Positive Outlook for Upcoming Earnings On April…