10 AI Stocks Surging on 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 April 17, the company struck a bullish outlook for the year based on robust demand for AI applications. The firm said that it is yet to see any change in customer behavior, despite the looming uncertainty over U.S. tariffs. It expects mid-20% growth this year and a doubling of AI revenue. According to Chief Executive Officer C. C. Wei, demand for high-end chips critical to developing artificial intelligence has remained strong.

“We certainly are mindful of the potential impact from all the recent tariff announcements, especially the impact on end market demand. Having said that, we have not seen any change in our customers’ behaviour so far. So we are sticking to our forecasts.”

Wei also said that the company is not getting involved in tariff talks. He further noted that TSMC is not engaged in talks with other companies about joint ventures, technology licensing, transfer or any kind of “sharing”.