5 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio

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

Market value of shares owned: $76,912,351

% of portfolio: 14.40%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio.

As of the quarter ended March 31, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) represents 14.40% of Glen Kacher’s Light Street Portfolio. Additionally, the fund holds a put option position valued at $36,904,140 in the portfolio. In contrast, on July 1, 2026, Goldman Sachs announced the removal of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from the firm’s APAC Conviction List. The Goldman Sachs Asia-Pacific (APAC) Conviction List is a highly researched set of top stock “Buy” ideas for the region. In the July 2026 update, Goldman Sachs added ResMed and KB Financial Group, while removing Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and Alibaba.

Separately, on June 24, 2026, Bank of America raised its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $490 to $590 while maintaining a Buy rating on the stock. The firm expects notable CPU consumption to absorb advanced manufacturing and packaging capacity, amid the surging agentic AI demand. And accordingly, the firm’s analyst has lifted the company’s 2026 and 2027 revenue growth forecasts to 40% and 39% year-over-year, respectively.

Founded in 1987, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s leading dedicated semiconductor foundry. Based in Taiwan, the company engages in the business of manufacturing and selling integrated circuits and wafer-level semiconductor devices.

While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Chris Hohn’s TCI Fund Portfolio: 9 Best Stocks to Buy and Chase Coleman’s Tiger Global Portfolio: 10 Best Stocks to Buy

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