10 Buzzing AI Stocks on Wall Street Right Now

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Buzzing AI Stocks on Wall Street Right Now. On July 1, Needham analyst Charles Shi raised the firm’s price target on the stock to $270 from $225 and kept a “Buy” rating on the shares, citing robust AI-driven growth prospects through 2027.

Based on its newly launched AI wafer demand model, the firm anticipates that TSM’s total revenue will grow from $87.9 billion in 2024 to an estimated $114 billion this year, $130 billion in 2026, and $160 billion in 2027. Meanwhile, its AI chip revenue may increase from $26 billion this year to $33 billion in 2026 and $46 billion in 2027. Silicon content growth is poised to become an important driver for TSM’s AI revenue expansion.

The company has set a goal of reaching $90 billion in AI chip revenue by 2029.

“We think that TSMC’s extremely bullish outlook on AI may in fact be built on a set of conservative assumptions.”

With regard to capital expenditure predictions, the firm anticipates Taiwan Semi’s capital expenditure to grow moderately from $40 billion in 2025 to $45 billion in 2026 and $50 billion in 2027. It also pointed out that the rollout of Rubin Ultra should lead to growth re-acceleration in 2027 and beyond, and that CoWoS/HBM packaging capital expenditure may stay subdued in 2026 before HBM packaging capital expenditure gains traction in 2027.

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