Billionaire Ken Fisher’s Top 13 Growth Stock Picks

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

Fisher Asset Management’s Equity Stake: $5.60 Billion

Number of Hedge Funds Holding Stakes: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading contract chipmaker. The firm manufactures chips for many global tech giants, including Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), and Intel Corp. (NASDAQ:INTC). The company controls nearly two-thirds of the foundry business because it can push down chip sizes while increasing processing speeds and lowering power consumption.

Its competitive edge in the sector was the catalyst behind a 37% increase in Q4 2024 revenue totaling $26.88 billion. Its earnings also popped 57% to $2.24 a share since more AI chips are required to execute AI workloads. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) continues to benefit greatly from rising investments in AI infrastructure. Management expects strong AI demand to fuel more growth, which could result in AI sales more than doubling in 2025.

Consequently, revenue is expected to grow at a compound annual growth rate of 45% over the next five years, affirming why Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a top growth stock in Ken Fisher’s portfolio. The company has already announced an additional $100 billion investment to an ongoing $65 billion investment plan in the US as it seeks to bolster its manufacturing capacity to meet the growing demand for its services.

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