5 Best Tech Stocks to Buy Now for the “Vera Rubin” Chip Cycle

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

Number of Hedge Fund Holders: 234

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 16, Aletheia Capital boosted its price objective for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to NT$3,500 from an unknown previous level, keeping a Buy rating on the company’s shares. The firm also raised its forecasts for TSMC’s high-end node capacity growth to 70,000, 150,000, and 170,000 wafers per month in 2026, 2027, and 2028, respectively.

Aletheia Capital predicts that Taiwan Semi’s wafer fabrication equipment expenditure will double year-over-year in the following year, with a double-digit increase projected in 2028. According to the firm, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) will prioritize CoWoS technology during the upcoming 12 months, while SoIC and CoPoS will become increasingly important in the latter half of 2027 and 2028.

The firm added that Taiwan Semi’s revenue and earnings growth should pick up speed in 2028 after a CAGR of more than 30% in 2024–2027, which the market has so far overestimated.

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.