We recently compiled a list of the 15 AI stocks dominating headlines. In this article, we’ll take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against the other AI stocks dominating the headlines.
The European Union recently released the first draft of the General AI Code of Practice under the AI Act, its comprehensive framework aimed at regulating artificial intelligence. This section of the AI Act, which became law earlier this year, specifically targets providers of general-purpose AI models, setting out standards and practices they must follow to ensure responsible development and deployment of AI . Some of the AI models that will be affected by regulations created as discussions about this draft progress include GPT models from OpenAI and Claude from Anthropic.
Read more about these developments by visiting 10 Best AI Data Center Stocks And 10 buzzing AI stocks according to Goldman Sachs.
Meanwhile, London-based AI startup Tessl recently raised more than $125 million in a funding round led by leading venture capital firms such as Index Ventures, Accel, GV and Boldstart. According to a report from TechCrunch, this has brought the startup’s valuation to over $500 million. The startup is building an AI-native platform that developers and their teams can use to create and maintain software. The company is still developing the product and plans to launch it on the open market sometime next year. The basic idea behind the company is to help write code that meets the specifications of developers and their teams, in natural language or code.
Read more about these developments by visiting 30 Top AI Stocks According to BlackRock And Beyond the Tech Giants: 35 Non-Technical AI Possibilities.
For this article, we selected AI stocks by combining 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 invest in? The reason is simple: our research shows that we can outperform the market by imitating the best stock picks from the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating the benchmark by 150 percentage points (see here for more details).
A close-up of a complex network of integrated circuits used in logic semiconductors.
Market capitalization: $851 billion
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. On November 14, Reuters news agency reported that Yang Chin-long, the governor of Taiwan’s central bank, stressed the importance of cordial US-Taiwan relations under a new US president, and confirmed that TSM investments in China – the chipmaker – spending $65 billion to build chip facilities in the country could help address the trade imbalance between the two countries. During his last term as president, Donald Trump had imposed tariffs on Chinese companies but spared Taiwan.
