Top 10 Stocks Wall Street is Discussing

2. Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Number of Hedge Funds Investors: 158

Scott Bauer from ProsperTradingAcademy‬ said in a latest program on Schwab Network that he likes the “opportunity” around Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) amid the company’s plan to invest and manufacture in the US.

“Their investment that they’re going to make in America and building some places here. The stock hit the 200-day moving average. It has dipped just below that, but that has been really significant support in the past. I know that the big chip names are seemingly out of favor right now, at least for this week or this month—who knows how long—but I really like the opportunity in Taiwan Semi.”

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) plans to invest $100B in new capital in the US over the next four years, Taiwan Semi Chairman and CEO C.C. Wei and President Trump said during an event.

TSMC’s high-performance computing (HPC) revenue exceeded 50% for the full year of 2024, with HPC sales reaching 53% of total revenue in the fourth quarter. Smartphones contributed 35% in Q4, underscoring AI as the key growth driver for TSMC in the coming years.

Baron Emerging Markets Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q4 2024 investor letter:

“Semiconductor giant Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) contributed in the fourth quarter due to a cyclical recovery in semiconductors and significant incremental demand for AI chips. We retain conviction that TSMC’s technological leadership, pricing power, and exposure to secular growth markets, including AI/high-performance computing, automotive, 5G, and internet of things, will allow the company to sustain strong double-digit earnings growth over the next several years.”