10 AI Stocks Gaining Attention on Wall Street

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

Number of Hedge Fund Holders: 187

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 AI Stocks Gaining Attention on Wall Street. On July 15, Reuters reported that TSMC is anticipated to post a 52% jump in second-quarter profit, reaching record levels. However, U.S. tariffs and a strong Taiwan dollar could weigh on its outlook.

Mario Morales, group vice president at research firm IDC, noted that AI-related demand and growing foundry industry revenue may lead to TSMC’s sales growing close to 30%.

The contract chipmaker and key supplier to Nvidia and Apple is anticipated to report net profit of T$377.4 billion ($12.9 billion) for the three months through June 30, as per an LSEG SmartEstimate compiled from 21 analysts.

The company has already achieved a rise in second-quarter revenue of 38.6%. If it achieves any profit result above T$374.68 billion, it would mark its highest-ever quarterly net income and sixth consecutive quarter of profit growth.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications.