Goldman Sachs’ 35 AI Superstars

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

Number of Hedge Fund Holders: 158  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. There are various reasons why this company makes an excellent investment. To begin with, the report for the third quarter of 2024 positions the company as a key player in the industry due to its exceptional financial performance. The company reported a 39% increase in revenue year-over-year, reaching a net income of $759.69 billion and a 54.2% rise in net income. Moreover, the company’s 2nm (N2) technology development adds more worth to the company’s portfolio. N2 technology features the company’s first generation of nanosheet transistor technology, with full-node strides in performance and power consumption expected to be introduced this year.

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