13 AI News and Ratings Gaining Investor Attention

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a global semiconductor company specializing in manufacturing, packaging, and testing integrated circuits for various industries.

On March 4, TipRanks reported that TD Cowen’s Krish Sankar maintained a Hold rating on TSMC with a $215 price target. The rating considers TSMC’s $100 billion investment in U.S. semiconductor production, which is viewed as a relatively low-risk move. While the expansion supports U.S. semiconductor goals, uncertainty around the timeline adds unpredictability. Capital spending is expected to stay manageable due to long-term growth and potential cost offsets in Taiwan. Positive yields from TSMC’s first Arizona fab suggest smooth progress, but concerns over equipment installation and funding sources like the CHIPS Act contribute to the cautious outlook.

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.

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