5 Best AI Stocks to Buy for the Next 10 Years

In this article, we are going to look at the 5 Best AI Stocks to Buy for the Next 10 Years. For a longer list and more details on how we picked these stocks, you can go to 10 Best AI Stocks to Buy for the Next 10 Years.

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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best AI stocks to buy for the next 10 years. On March 19, BofA said in a note that long-only investors made a strong shift toward non-US stocks in February.

Quant strategist Nigel Tupper said that “long-only funds globally bought non-US stocks but sold US stocks,” showing a clear difference in how investors are positioned themselves across regions. BofA highlighted that the most widely held stock by long-only funds is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), with 92% ownership globally.

The bank noted that combined active and passive funds recorded their largest inflows into Emerging Markets, buying more than $17.6 billion. Emerging Markets are followed by the Asia Pacific region with over $14.9 billion in purchases. In contrast, US stocks saw the biggest outflows, as funds sold $69.5 billion in shares.

BofA also noted that “Crowded Positives,” which are stocks that have both high ownership and positive “Triple Momentum,” continue to perform well. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the names in this group, as per the bank.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company that manufactures, packages, and tests integrated circuits for various industries.