10 Best Stocks to Buy for the Next 3 Months

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

No. of Hedge Fund Holders: 186

Upside Potential: 39.80%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMC) manufactures, packages, tests, and sells integrated circuits and other semiconductor devices globally, dominating the global foundry market with a 50% market share. The company achieved sales of $26.37 billion, up 33.10% YoY, beating estimates by $384.96 million. EPS was $2.24, managing to beat estimates by $0.02. It is among the best stocks to buy on our list.

Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSMC) stock price slumped earlier this year after the news of a Chinese AI company producing a more efficient AI model broke out (similar to all other tech giants). The share price stabilized in March, and analysts believe this creates a buying opportunity for investors who wish to jump on the chance to invest further.

The US government approved of trade tariffs on China, with TSMC’s representatives meeting with the legal council of the US Commerce Department and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMC). The company’s representative had this to say:

“(TSMC) Comply with all applicable laws and regulations and is fully committed to complying with the new export control rules announced.”