20 Best Fast Growth Stocks to Invest In

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

Quarterly Revenue Growth: 35.36%

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the 20 best fast growth stocks to invest in. On July 3, Morgan Stanley analysts referred to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as their Top Pick and reaffirmed their Overweight rating on the company’s shares. According to Morgan Stanley, TSMC’s intentions for US expansion were bolstered by recently enhanced tax incentives that may lessen the long-term financial burden of its chip fabrication facilities in Arizona.

Morgan Stanley stated that tax incentives for semiconductor companies expanding their capacity in the United States could increase from 25% to 35% under the most recent “big beautiful bill” that was approved by the Senate on July 1.

According to the analysts, the updated credit structure “should lessen TSMC’s profit burden for its US capacity expansion” and “reaffirms the policy encouragement” for semiconductor manufacture in the country.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese company that offers semiconductor manufacturing services.