20 Trending AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 156

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the main producer of advanced chips used in artificial intelligence applications. The world’s largest contract chipmaker has been benefitting from the surge in AI and is expected to report a 40% leap in third-quarter profits.

According to SmartEstimate, TSM’s net profit is estimated to be T$298.2 billion or equal to US$9.27 billion at the end of the third quarter. The company is benefiting from the AI boom, as major tech clients like Apple, Nvidia, AMD, Qualcomm, and Mediatek rely heavily on its technologies. In response, TSM’s shares have surged. The company is also expanding its global reach with new factories in Arizona, projected to cost $65 billion, and plans to expand in Europe.

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