We recently compiled a list of the 11 AI News and Ratings You Should Not Miss. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against the other AI stocks.
Investors are eagerly waiting for the election results in the United States as they seek to adjust their money making strategies in light of the latest developments. Investment advisory Wedbush Securities released an investor note in this regard recently, noting that a historic victory for Republican candidate Donald Trump and a potential Republican sweep would result in a very bullish market reaction for technology and be beneficial for artificial intelligence. Analysts at the advisory forecast a very robust bullish market reaction from a Trump win, with Big Tech front and center. The analysts further cautioned that China tariffs and a harsher stance on Beijing from Trump will need to play out over the coming year for its impact on the supply chain/chips and Big Tech. However, Wedbush expected a strong AI focus out of the gates from Trump for US Big Tech players, Khan out at the FTC, and Musk’s big bet on Trump being a home run for his company.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
Wedbush analysts projected that a Trump win would be worth around $50 per share for Tesla. They also underlined that Washington would roll out new AI initiatives under the Trump administration that would benefit big tech players, with the defense department also boosting companies that work closely on AI adoption in the military. The bullish commentary comes as big tech firms grapple with ballooning CapEx on the one hand and investor pressures for short-term results on the other. Mark Zuckerberg said during the earnings call of his company that building out the infrastructure was maybe not what investors wanted to hear in the near term, but the opportunities here were really big, and his firm was going to continue investing significantly in this.
Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
