10 AI News and Ratings Making Waves on Wall Street

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1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 158

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells a range of semiconductor devices for industries like smartphones, automotive, IoT, and high-performance computing worldwide.

Bank of America Securities analyst Brad Lin reaffirmed a Buy rating for Taiwan Semiconductor Manufacturing Company (TSMC) on February 14, highlighting its strong positioning and operational resilience. Lin views TSMC’s potential involvement in Intel’s foundry operations as a way to expand its global presence, despite possible short-term financial strain. He emphasized TSMC’s dominance in the semiconductor industry, minimal competitive threats, and a stable role in the global supply chain. Lin also pointed out that TSMC’s profitability is not highly sensitive to changes in CHIPS Act subsidies, reinforcing confidence in the company’s financial stability and U.S. expansion plans.

While we acknowledge the potential of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TSM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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