12 AI News and Ratings Investors are Keeping Their Eye On

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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) manufactures and sells integrated circuits and semiconductor devices globally, serving industries like computing, smartphones, and automotive with a range of fabrication processes and support services.

According to a report by The Chosun Daily posted on February 4, Taiwan Semiconductor Manufacturing Company (NYSE:TSMC) is set to build a 1 nm process fab in southern Taiwan, to introduce the 1 nm process ahead of competitors like Samsung and Intel. The facility, located in Shalun, Tainan, will feature six production lines, with the first three focusing on 1.4 nm chips and the remaining three on 1 nm chips. According to the report, TSMC aims to strengthen its leadership in the semiconductor market as demand for AI chips increases. Initially expected to launch the 1.4 nm process in 2027, TSMC has accelerated its timeline, planning to produce 1.6 nm chips in 2026, ahead of rivals.

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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