13 Best Long Term Growth Stocks to Invest in Right Now

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

5-Year Revenue Growth: 22.01%

Number of Hedge Funds: 187

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. In a report released on June 25, Bruce Lu from Goldman Sachs maintained a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a price target of $242.00.

The company reported its net revenue for May 2025 on June 10, which reached NT$320.516 billion. While the figure represents an 8.3% drop from April 2025, it also shows a significant 39.6% growth compared to May 2024.

Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) total revenue for fiscal year 2025 as of May is around NT$1,509.34 billion, which translates to a 42.6% growth versus the same period last year.

The revenue figures thus suggest strong year-over-year growth for the company, reflecting its solid market position in spite of short-term challenges and fluctuations.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the largest contract semiconductor manufacturer in the world. Some of its prominent customers include semiconductor companies that outsource all or a part of their chip production, including Advanced Micro Devices, Nvidia, Broadcom, and more.

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