What Makes Taiwan Semiconductor Manufacturing (TSM) One of BlackRock’s 30 Most Important Picks

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is amongst the top 10 largest institutional owners in the company, holding 0.35% or 18.22 million of outstanding shares, according to Yahoo Finance data.

On June 24, Bank of America Securities lifted the firm’s target price on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from $490 to $590, and kept a Buy rating on the stock. The firm highlighted that amid rising agentic AI demand, it forecasts much higher CPU demand to utilize more advanced back-end packaging and front-end production capacity.

goodluz/Shutterstock.com

In order to reflect an elevated AI GPU/ASIC and CPU demand outlook, the firm has raised the company’s topline forecasts to 40% and 39% for 2026 and 2027, respectively.

On June 22, Mehdi Hosseini from Susquehanna also raised the firm’s target price on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from $500 to $575. The analyst also reiterated a Positive rating on the stock.

Hosseini based his adjustment to revision across the firm’s model, which now incorporates a capacity and capital expenditures strategy. He expects both to surpass buy-side projections and the broader consensus. Having said that, the primary uncertainty remains on how token growth and related silicon needs could lead to possible supply-demand gaps.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is a semiconductor manufacturer that contributes to the production of integrated circuit products. It designs and manufactures these products using a range of technologies, including mixed signal, embedded memory, radio frequency, and more.

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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1