Taiwan Semiconductor Manufacturing (TSM): Among Billionaire Ken Fisher's Top Growth Stock Picks
'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?'
This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management.
Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported.
READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025.
President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.'
Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility.
In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. , the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic.
We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock.
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 373.4% since May 2014, beating its benchmark by 218 percentage points ().
A close-up of a complex network of integrated circuits used in logic semiconductors.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading contract chipmaker. The firm manufactures chips for many global tech giants, including Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), and Intel Corp. (NASDAQ:INTC). The company controls nearly two-thirds of the foundry business because it can push down chip sizes while increasing processing speeds and lowering power consumption.
Its competitive edge in the sector was the catalyst behind a 37% increase in Q4 2024 revenue totaling $26.88 billion. Its earnings also popped 57% to $2.24 a share since more AI chips are required to execute AI workloads. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) continues to benefit greatly from rising investments in AI infrastructure. Management expects strong AI demand to fuel more growth, which could result in AI sales more than doubling in 2025.
Consequently, revenue is expected to grow at a compound annual growth rate of 45% over the next five years, affirming why Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a top growth stock in Ken Fisher's portfolio. The company has already announced an additional $100 billion investment to an ongoing $65 billion investment plan in the US as it seeks to bolster its manufacturing capacity to meet the growing demand for its services.
Overall, TSM ranks 6th on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of TSM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM but that trades at less than 5 times its earnings check out our report about the
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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