11 Trending AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 158

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces advanced semiconductors used in AI applications across industries like high-performance computing, IoT, and automotive. The company also invests in technology startups and develops cutting-edge processes for integrated circuits to support AI advancements globally.

According to a Reuters report, TSMC founder, Morris Chang said that Intel should have focused on AI amid a leadership shakeup. Chang commented on Intel’s recent leadership change, suggesting the company should have prioritized AI over its efforts to become a contract chipmaker. Speaking at an event for his autobiography launch, Chang said he was unsure why former CEO Pat Gelsinger left but noted Intel appears to lack both a clear strategy and a new CEO. Chang criticized Gelsinger for being “a bit rude” in past dealings and suggested Intel might have fared better focusing on AI.

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