Chase Coleman Buys AI Stock

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billionaire hedge fund managers

The Motley Fool

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Billionaire Chase Coleman Just Bought a Stock Whose Artificial Intelligence (AI) Revenue Is Projected to Triple This Year

Summary

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Tiger Global Management recently increased its stake in Taiwan Semiconductor Manufacturing ( TSMC ) It now owns 3.63 million shares ( 2.8% of its overall portfolio) valued at $671 million .

The hedge fund is still buying, suggesting there might still be time for others to buy TSMC .

The company is the world's largest semiconductor chip manufacturer, serving as a fabricator for several of the biggest tech companies and chip designers.

Taiwan Semiconductor Manufacturing wasn’t one of the 10 best stocks for investors to buy now.

Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 889,433 ! The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002

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