10 Most Profitable Stocks to Buy Now

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

Net Income (TTM): $37.60 billion

Net Profit Margins (TTM): 40.54%

Number of Hedge Fund Holders: 187

​Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Most Profitable Stocks to Buy Now. On November 17, Mike Yang from Bank of America Securities reiterated a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a $390 price target.

​The rating comes after the company, on November 11, announced the approval of a $14.98 billion budget for supporting its long-term capacity plans. Management noted they plan to use this investment for fab construction, expanding advanced technology and packaging capabilities, and funding research and development in 2026.

​Analyst Yang noted that the company’s robust capital expenditure has led to increased share in the foundry industry. He expects the company’s gross margins to remain robust at around 60% throughout 2027, supported by sales growing at a CAGR of 21%.

​In addition, the analyst also sees Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) technological capability in the 2nm expansion and high-end packaging to be a significant competitive edge against its peers. Yang anticipates that this edge can potentially contribute to a 5% CAGR supply growth from 2025 to 2027.

​Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is the world’s largest dedicated semiconductor foundry. It produces advanced integrated circuits for global industries, including technology, communications, and automotive.