Jim Cramer Shed Light on These 11 Stocks

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

Number of Hedge Fund Holders: 187

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller inquired about the stock, and here’s what Mad Money’s host had to say:

“Okay, now, my problem with TSM, it’s gone up much more of late… than NVIDIA. I’d rather be, see you be NVIDIA. Taiwan Semi… That’s what I’d call the foreign risk profile.”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells integrated circuits and semiconductor devices. The company’s technologies support high-performance computing, smartphones, IoT, automotive, and consumer electronics. Cramer discussed the company during an April episode, as he commented:

“Taiwan Semiconductor is so low. I have to tell you… Look, I have tremendous conviction that it’s very difficult to politically… say that we will protect Taiwan Semi. I will say this, that is one of the greatest manufacturers in the world, and anybody who thinks that Taiwan Semi should be this low, this cheap is just not a believer in AI, and I am a believer in AI. There we go.”

Since the above comment, the company’s stock is up around 71%.