14 AI News and Ratings Making Waves on Wall Street

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) or TSMC manufactures and sells semiconductors, offering advanced wafer fabrication and packaging solutions globally. Former Intel CEO Pat Gelsinger believes TSMC’s $100 billion investment in U.S. manufacturing will not significantly boost the country’s semiconductor leadership, as the company’s core R&D remains in Taiwan, the Financial Times reported on March 26. While acknowledging that U.S. tariffs under the Trump administration encouraged TSMC to expand in the U.S., he emphasized that true leadership requires next-generation transistor research within the country.

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 time frame. 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 30 Best Stocks to Buy Now According to Billionaires.

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