13 Best Tech Stocks to Buy for the Long Term

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

3-Year Performance: 207.35%

5-Year Revenue Growth: 21.09%

Number of Hedge Fund Holders: 187 

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best tech stocks to buy for the long term. On September 4, Bernstein reiterated that it expects TSMC’s earnings per share to grow by 35% this year and then by a compound annual growth rate of 23% through 2027. It also predicts the company’s revenues to grow 33% better than the company’s guidance of 30% growth.

The estimates come as the research firm raised its price target for the semiconductor foundry giant to NT$1,444, citing stronger-than-expected demand for artificial intelligence. Additionally, Bernstein has highlighted the ongoing recovery in non-AI markets, which present opportunities for growth.

Bernstein expects accelerated AI adoption to more than double the company’s revenue this year. The growth will come as US capacity becomes more valuable under the tariff regime. Pricing power advantages will also help offset investment needs and foreign exchange headwinds.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)is the world’s leading dedicated semiconductor foundry, manufacturing integrated circuits (ICs) or chips for other companies that design them but don’t have their own factories.

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