Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds. On June 4, Haas Liu of Bank of America Securities reaffirmed a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and assigned a target price of $490 to the stock. This reflects 14% upside from here on. The company’s cutting-edge manufacturing and packaging capabilities continue to be in high demand for GPU, CPU, and memory chip makers.
According to Taiwan Semiconductor Manufacturing Company CEO C.C. Wei, demand for AI chips remains significantly ahead of supply, adding that the semiconductor industry may need years to fully meet the growing needs of the AI market. He also reiterated that the company expects revenue to grow by more than 30% this year. The CEO also confirmed that the company intends to continue raising prices. However, this will happen in a controlled manner, unlike the pricing surge seen among memory chipmakers. Moreover, robotics and autonomous driving would be the next long-term growth drivers for the company.
Taiwan Semiconductor Manufacturing Company Limited is a Taiwanese multinational semiconductor contract manufacturing and design company that manufactures, packages, and tests integrated circuits for various industries.
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