From Yahoo Finance: 2025-05-04 17:13:00

Billionaire Chase Coleman’s hedge fund Tiger Global Management LLC gained 24% in 2024 by investing in AI stocks. However, the recent market correction has seen a pullback in tech stocks, affecting Coleman’s holdings. Despite this, Coleman remains focused on long-term investing in tech giants, expecting growth amid the AI boom.

Among Coleman’s top stock picks, Taiwan Semiconductor Manufacturing Company Limited (TSM) stands out with a stake value of $717.87 million and an upside potential of 32.84%. TSM, the world’s largest semiconductor foundry, specializes in chip manufacturing for companies like Apple. Analysts are bullish on TSM’s growth prospects, citing strong demand for its foundry services and cutting-edge technology.

TSM’s recent performance includes revenue exceeding guidance and consensus estimates, with a 42% year-over-year increase in the first quarter of 2025. The company’s competitive edge lies in its advanced nanometer technology and plans to launch even smaller chips. TSM’s focus on AI transformation through faster computing and power efficiency positions it for further growth, especially as it does not compete with major clients like Nvidia and Apple.

While TSM ranks 9th on the list of Coleman’s top stocks, the focus remains on AI stocks with potential for higher returns in a shorter time frame. Investors looking for promising AI stocks can explore other options trading at attractive valuations. TSM’s strong performance and growth outlook make it an intriguing investment opportunity amid the evolving AI landscape.



Read more at Yahoo Finance: Among Billionaire Chase Coleman’s Stocks with Huge Upside Potential