10 Stocks in Wall Street’s Watchlist

3. Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Number of Hedge Funds Investors: 158

Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners, said in a recent program on CNBC that he’s buying Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) shares because he believes the stock is undervalued.

“Taiwan Semi—look, I don’t think anybody’s crazy enough to stop the supply chain for semiconductor chips. And I don’t think there’ll be, you know, heavy tariffs on it, particularly when they talk about investing. But they’ve got a queue of people waiting for capacity—we hear Intel talk about that all the time. So to me, this stock is very undervalued.”

Baron Emerging Markets Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q4 2024 investor letter:

“Semiconductor giant Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) contributed in the fourth quarter due to a cyclical recovery in semiconductors and significant incremental demand for AI chips. We retain conviction that TSMC’s technological leadership, pricing power, and exposure to secular growth markets, including AI/high-performance computing, automotive, 5G, and internet of things, will allow the company to sustain strong double-digit earnings growth over the next several years.”