Billionaire Steve Cohen’s Top 15 Stock Picks

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

Number of Hedge Fund Holders: 158  

Point72 Asset Management’s Stake: $209.6 million  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. The following highlights demonstrate why the company is a compelling investment opportunity. Firstly, for the entirety of 2024, TSM saw robust growth across its key segments. Revenue from high-performance computing surged 58%, while smartphone chip sales climbed 23%. Meanwhile, internet-of-things, automotive, and digital consumer electronics revenues grew modestly, each increasing by 2% to 4%. This makes this company a strong investment candidate, leading in the market and its ability to capture growth opportunities in multiple sectors. Secondly, the company has positioned itself at the forefront, producing advancement in the production of chips using the most advanced nodes, such as 5nm and 3nm processes.

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