8 Fastest Growing AI Stocks To Buy Right Now

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

Year-Over-Year Revenue Growth Rate: 33.89%

3-Year Revenue CAGR: 22.17%

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor company that ranks among the fastest-growing AI stocks to buy now. The company specializes in manufacturing, packaging, and testing integrated circuits for various industries. With global operations spanning Asia, Europe, and North America, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is well-positioned to supply AI hardware to its customers around the world.

The company is focused on supporting America’s leading AI and technology companies by producing advanced semiconductors. On March 4, 2025, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced its plan to invest an additional $100 billion in advanced semiconductor manufacturing in the US. This adds to Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) ongoing $65 billion investment in Phoenix, Arizona. The company is expected to invest a total of $165 billion in the US. The expansion includes 3 new fabrication plants, 2 advanced packaging facilities, and a major research and development team center. This project will be the largest single foreign investment in US history.