
TSMC Back on Top: Morgan Stanley Reinstates Chip Giant as Best Bet
Morgan Stanley (MS) reinstated TSMC (TSM) as a ‘top pick,’ citing strong AI capex from Meta (META) (up $7 billion for 2025) and Microsoft (MSFT), with TSMC’s stock closing at $179.28, up 3.80% or $6.56 on Friday. Concerns over AI demand, a potential Intel …