13 Best Big Name Stocks to Buy Now

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

Number of Hedge Fund Holders: 187

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the 13 Best Big Name Stocks to Buy Now. The company is set to inject $10 billion in capital into its overseas unit, TSMC Global Ltd., to counter foreign exchange fluctuations.

The unit has approved a plan to raise capital by issuing new shares worth $10 billion to the parent company to cut foreign exchange hedging costs. This is the third such deal since 2024, said Bloomberg.

The capital injection is for general investment purposes, mainly bonds and bank deposits, according to a statement from Taiwan’s Department of Investment Review. It is part of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s efforts to shift its forex holdings to the unit to help with hedging costs and maintain financial stability.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces around 90% of the world’s super-advanced semiconductor chips used to power electronic devices such as smartphones, servers, and laptops. These chips are also used to run most artificial intelligence applications.

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