10 AI Stocks in the News Today

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications. On May 2nd, Morgan Stanley named Taiwan Semiconductor a top pick, stating that the robust artificial intelligence capex from Meta and Microsoft caused it to make TSM a new top idea. The firm has assigned an Overweight rating to the stock, with a price target of NT$1,288.

“Today, with the robust AI capex guidance from Meta and Microsoft we move TSMC back to our Top Pick.”