Goldman Sachs Tech Stocks: Top 5 Stocks to Buy Now

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In this article, we will take a look at the Top 5 Goldman Sachs Tech Stocks to Buy Now. For a deeper discussion and an expanded list, please see Top 10 Goldman Sachs Tech Stocks to Buy Now.

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

Number of Hedge Fund Holders: 234

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) or TSMC is among the top Goldman Sachs tech stocks to buy now. Goldman Sachs owns over $3.17 billion in TSM stock.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) continues to advance its footprint in the global chip-making market. On June 1, TSMC signed a partnership with NVIDIA to use a range of its AI and accelerated computing technologies in chip manufacturing processes and development. The area of focus is to enhance semiconductor production, from lithography and materials research to factory optimization and defect detection. Considering the rapid adoption of AI-driven tools, semiconductors need to be more efficient and provide high output performance. This deal serves TSMC’s goal to maintain its technology leadership and manufacturing excellence to fulfill customers’ future demand.

Goldman Sachs Tech Stocks: Top 5 Stocks to Buy Now

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BofA remains positive on TSMC and potentially sees it as the clearest winner of the next AI wave. Considering the demand for advanced AI chips and packaging technologies is on a surge, BofA has increased its outlook for CoWoS capacity growth through 2027 and named TSM its “preferred stock” in the space. In addition to this, the partnership with Nvidia comes at a crucial time, which would further boost its high-end chip manufacturing capabilities. BofA believes TSMC is a prime beneficiary as AI companies continue to rush for AI chips and advanced packaging capacity.

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.

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