Is Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) the Best Tech Stock to Buy For Long-Term Investment?
From Yahoo Finance: 2025-04-12 09:02:00
In the article “12 Best Tech Stocks to Buy For Long-Term Investment,” Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is compared against other tech stocks. Chris Verrone predicts a market rally with a range of 5,900 to 5,950. He emphasizes monitoring market breadth and new highs in the coming weeks. The tech sector’s resilience in the long run is highlighted.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is a leading tech company with 186 hedge fund holders. Its HPC segment revenue grew by 58% in 2024 due to AI-related applications. The company forecasts mid-40% CAGR in revenue growth from AI accelerators for five years. Analysts have a Hold rating with a $215 target on the stock.
Sands Capital Technology Innovators Fund sees strong demand for AI chips in Taiwan Semiconductor Manufacturing Company Limited (TSM). Q4 2024 results showed a 29% revenue increase and a 54% rise in earnings year-over-year. TSM ranks 6th on the best tech stocks list. The company anticipates higher capital expenditure in 2025 for increased revenue.
For those interested in AI stocks, TSM is promising but there are others with potential for high returns in a shorter time frame. A report on the cheapest AI stock may be worth exploring. TSM’s growth potential is acknowledged, but the focus is on AI stocks for quick returns. Check out the report for more insights.