What Are The Best Stocks To Buy Right Now? Top 5 Stocks

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

Average Share Price Upside: 11%

The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the largest contract chip manufacturer in the world. The firm’s second quarter of 2023 earnings were a rather muted event as it warned that inventory digestion in the chip industry might take longer than initially expected.

As of March 2023, 102 of the 943 hedge funds profiled by Insider Monkey had bought the firm’s shares. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management with a stake of $2.3 billion.

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