5 Trending Stocks to Watch Today

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

Number of Hedge Fund Holders: 72

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is next on the list of 5 trending stocks to watch today. TSM stock plunged to a new 52-week low this morning following reports that the company has stopped shipping advanced silicon to Chinese intelligent chip design firm Biren Technology.

The reports suggest that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) wants to abide by recent U.S. regulations preventing exports of advanced chip technology to China.

Meanwhile, a separate report from Wall Street indicates that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) might plan to build a manufacturing facility in Japan amid rising tensions between Washington and Beijing.