BlackRock’s 5 Most Important AI Stocks Right Now

3. Taiwan Semiconductor Manufacturing Co. (NYSE:TSM)

Weight in ARTY ETF: 4.71%

Number of Hedge Fund Holders: 234

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is amongst the top 10 largest institutional owners in the company, holding 0.35% or 18.22 million of outstanding shares, according to Yahoo Finance data.

On June 24, Bank of America Securities lifted the firm’s target price on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from $490 to $590, and kept a Buy rating on the stock. The firm highlighted that amid rising agentic AI demand, it forecasts much higher CPU demand to utilize more advanced back-end packaging and front-end production capacity.

In order to reflect an elevated AI GPU/ASIC and CPU demand outlook, the firm has raised the company’s topline forecasts to 40% and 39% for 2026 and 2027, respectively.

On June 22, Mehdi Hosseini from Susquehanna also raised the firm’s target price on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from $500 to $575. The analyst also reiterated a Positive rating on the stock.

Hosseini based his adjustment to revision across the firm’s model, which now incorporates a capacity and capital expenditures strategy. He expects both to surpass buy-side projections and the broader consensus. Having said that, the primary uncertainty remains on how token growth and related silicon needs could lead to possible supply-demand gaps.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is a semiconductor manufacturer that contributes to the production of integrated circuit products. It designs and manufactures these products using a range of technologies, including mixed signal, embedded memory, radio frequency, and more.

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