Taiwan Semiconductor Manufacturing (TSM): One of the Best Fundamentally Strong Stocks to Buy Now

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 14, Reuters reported that the company expects the global semiconductor market to surpass $1.5 trillion by 2030, topping the earlier forecast ​of $1 trillion. Reuters, while quoting Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), highlighted that AI and high-performance computing are anticipated to make up 55% of the $1.5 trillion market. This will be followed by smartphones that will account for 20%, and automotive applications, which will make up 10%.

Taiwan Semiconductor Manufacturing (TSM): One of the Best Fundamentally Strong Stocks to Buy Now

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) further highlighted that it has been expanding capacity at an accelerated pace in ​2025 and 2026. It also plans to build 9 phases of wafer ⁠fabs and advanced packaging facilities in 2026, reported Reuters. The company also stated that the CAGR of capacity for its advanced packaging CoWoS (Chip on Wafer on Substrate) is expected to be over 80% between 2022 ​and 2027.

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.

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.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 1759070 - 1