Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best FAANG stocks to buy according to hedge funds. BofA analyst Brad Lin maintained his Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at $220 on June 5. The semiconductor company has reaffirmed its 2025 revenue guidance with strong growth in the mid-20% range expected due to rising demand for AI-related technology.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) now has a stronger competitive edge in the semiconductor sector thanks to its strategic partnerships with major industry leaders like Hon Hai and NVIDIA. The company is also in a solid position to benefit from the growing AI sector, with applications ranging from data centers to edge devices like PCs, smartphones, and IoT.
The company is expected to maintain its growth trajectory due to its proactive global expansion and R&D spending, even in the face of possible macroeconomic concerns and currency fluctuations.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese company that offers semiconductor manufacturing services.
While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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