10 Best Performing Foreign Stocks to Buy Now

​1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 194

​Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Performing Foreign Stocks to Buy Now. On February 13, Reuters reported that Taiwan and the US have reached a trade agreement based on the January framework. The deal aims to balance the trade between the two countries amidst Taiwan’s surging exports of AI chips.

​According to the report, the United States has lowered the tariff on Taiwanese imports from 20% to 15%, matching the rates of South Korea and Japan. This will protect the tech giant Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), which exports chips to the US. In addition, the Taiwanese government also pledged to invest more than $250 billion in the US semiconductor, energy, and AI production, which includes the $100 billion investment by TSMC reported in January.

Separately, on February 13, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was initiated with a Buy rating by Gil Luria of D.A. Davidson and a $450 price target. The analyst likes the company’s competitive edge in advanced semiconductor manufacturing, particularly as the demand continues to surge. The firm highlighted the “compounding execution moat in leading-edge manufacturing” of TSMC, noting that it provides the company with “durable, self-reinforcing advantage.”

​Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM), together with its subsidiaries, manufactures, packages, tests, and sells ICs and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the US, and internationally.

While we acknowledge the potential of  TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock.

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