Taiwan Semiconductor Manufacturing (TSM) – Among the Best Global Stocks to Buy According to Wall Street Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is included among the 10 Best Global Stocks to Buy According to Wall Street Analysts.

Taiwan Semiconductor Manufacturing (TSM) - Among the Best Global Stocks to Buy According to Wall Street Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and other semiconductor devices around the world.

On April 16, Needham upped its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $410 to $480, while maintaining a ‘Buy’ rating on the shares. The revised target represents an upside of almost 24% from the current price levels.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported strong results for its Q1 2026 on April 16, beating forecasts in both earnings and revenue, supported by the strong demand for its leading-edge process technologies. The company reported a revenue of $35.9 billion, up 40.6% YoY, while its net income attributable to shareholders also grew by 58.3% compared to last year.

TSM expects its Q2 revenue to be in the range of $39 billion and $40.2 billion, representing a sequential increase of 10% and a YoY growth of 32% at the midpoint. The company also raised its full-year 2026 revenue growth forecast to above 30% from nearly 30% previously.

While we acknowledge the risk and potential of TSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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