Is Taiwan Semiconductor Manufacturing Company Limited (TSM) the Top Growth Stock in David Tepper’s Portfolio?
From Yahoo Finance: 2025-03-29 19:19:00
David Tepper is bullish on Chinese equities, emphasizing investment in China despite trade tensions with the US. Appaloosa Management LP’s portfolio heavily features Chinese stocks, with significant exposure to the country’s internet sector. Chinese stocks have surged due to Beijing’s stimulus measures, with a 5.4% Q4 2024 growth exceeding expectations.
Tepper’s focus on Chinese equities reflects his contrarian market views, as US equities face challenges from trade wars and Federal Reserve policies. Appaloosa Management LP’s founder emphasizes the importance of risk management amid ongoing trade tensions, as US equities experience pressure and potential weakness in corporate profits for Q1 2025.
Taiwan Semiconductor Manufacturing Company Limited (TSM) is a top growth stock in Tepper’s portfolio, with impressive Q4 2024 results. TSM, the world’s largest chip manufacturer, benefits from AI, IoT, and high-performance computing growth. TSM projects strong revenue growth, estimating AI chip sales to triple in 2025, with a 20% CAGR between 2024-2029.
Despite TSM’s potential, Tepper’s focus on AI stocks for higher returns and shorter timeframes ranks TSM 10th in his portfolio. Investors seeking AI stocks with promising returns can explore other options. TSM’s solid market share and growth make it an attractive investment, but opportunities in the AI sector may offer greater potential.