Growth Stock Portfolio: 12 Stock Picks By Ken Fisher

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

Average 5-Year Revenue Growth: 23.08% 

Number of Hedge Fund Holders: 194

Fisher Asset Management’s Stake Value: $4,980,614,344

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is part of the Growth Stock Portfolio. 

According to a story reported by Taiwan News on December 23, 2025, labor shortages and permitting obstacles have caused delays in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s development in Arizona. The project will cost NT$5.2 trillion and cover 1,149 acres north of Phoenix. The firm has to establish over 18,000 technical regulations because of regulatory fragmentation, which necessitates approvals from municipal, state, and federal agencies. The business had to bring technicians from Taiwan, which resulted in union backlash and lawsuits. Challenges are water-use restrictions and environmental reviews. Currently, two fabs are being built, one is in operation, and more facilities are being planned.

TheFly reported on December 8, 2025, that Bernstein raised its price objective for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $290 to $330. The firm maintained its Outperform rating. The firm boosted its forecast for the chip-on-wafer-on-substrate capacity of the company to 125,000 wafers per month by the end of 2026, pointing out that this would satisfy Nvidia’s requirements for the Blackwell and Rubin projects in 2025 and 2026. Furthermore, Bernstein projected that revenues of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) would rise by 23% in fiscal 2026 and 20% in 2027.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) operates the world’s largest specialized chip manufacturer.

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