Few companies dominate their industry like Taiwan Semiconductor Manufacturing (NYSE: TSM). The firm is the workhorse that makes the entire artificial intelligence (AI) buildout possible, manufacturing nearly all of the world’s most advanced AI accelerators.
While the stock does not quickly put up explosive returns like some smaller names in the AI trade, it has still done extremely well. Since the start of 2025, TSMC shares have delivered a total return above 100%, more than triple the S&P 500’s return over the same period. Much of this performance has come in 2026, with TSMC up more than 30% for the year.
