Reported 10 days ago
The article examines whether Taiwan Semiconductor Manufacturing Company Limited (TSM) is the best stock to buy according to billionaire investor Steve Cohen. Cohen, who has a notable reputation in finance and ownership of the New York Mets, expresses concern over the uncertain US economy and potential market pullbacks. TSMC, a leading semiconductor manufacturer, shows significant year-over-year revenue growth despite recent month-over-month declines. Analysts maintain a positive outlook on TSMC due to its investments in US manufacturing and AI chip production, placing it fourth on Cohen's preferred stock list.
Source: YAHOO