8 AI News and Ratings Making Waves on Wall Street

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces, tests, and sells integrated circuits and semiconductor devices globally.

On March 19, DigiTimes Asia reported that Paul Liu, head of Taiwan’s National Development Council and a Taiwan Semiconductor Manufacturing Company Limited (TSMC) board member, dismissed speculation about TSMC acquiring Intel’s struggling foundry business, stating that such a move has never been discussed at the board level.

Speaking to Taiwan’s Legislative Yuan Economic Committee, Liu addressed concerns over TSMC’s US expansion, emphasizing that setting up new production lines abroad would put US operations three years behind Taiwan. He downplayed fears of US competition, advocating for collaboration rather than rivalry. Liu also projected record private sector investment in 2025, driven by semiconductor expansion and government-backed projects, while highlighting Taiwan’s ongoing efforts to advance IC design, R&D, and semiconductor manufacturing.

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.

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