12 AI Stocks on Wall Street’s Radar

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications. On April 16, Daiwa upgraded the stock to “Buy” from Outperform and lowered the price target from TWD1,250.00 to TWD1,200.00 amid tariff impacts and market reactions. According to Rick Hsu, the pessimistic market scenario doesn’t match TSM’s current business performance, which has had a robust revenue rate in the first quarter of 2025.

The firm anticipates a 5% quarter-over-quarter increase in the top line for the second quarter due to inventory build-up for the upcoming iPhone release and persistent demand from AI servers that use GPU and ASIC technologies. The firm has also adjusted its second-half 2025 projections for the company to account for the macroeconomic uncertainties.

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