7 International Stocks to Buy as MAGA Reshapes the Market

Artificial intelligence (AI) is a transformative technology that will impact virtually every sector of the economy. And that means semiconductor chips—and the companies that supply them—will be in high demand.

Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the leaders in the category, producing approximately 64% of all chips manufactured in Q3 2024. As the go-to supplier for cutting-edge AI chips, TSM is poised for sustained demand as businesses race to expand their AI infrastructure.

Despite its dominant position, Taiwan Semiconductor stock traded at a forward price-to-earnings (P/E) ratio of around 20x. That is significantly below the consensus 27x P/E for the sector, making it an attractive value play.

That value does come with some risk. Taiwan continues to be part of a geopolitical conflict with China over its sovereignty. However, Taiwan Semiconductor is taking steps to diversify its supply chain, including building foundries in the United States. 

ASML Holding NV (NASDAQ: ASML) offers a unique way to invest in the semiconductor industry. Unlike traditional chipmakers, ASML doesn’t manufacture chips—it builds the cutting-edge equipment that makes chip production possible. And it offers technology such as extreme ultraviolet lithography (EUV) machines that no other company can provide. Additionally, strict export regulations prevent these machines from being sold to China, helping ASML maintain its technological lead for years to come.

The biggest risk for ASML—and the broader semiconductor sector— is if investment in AI infrastructure begins to wane. However, that seems unlikely, as the company projects a strong compound annual growth rate (CAGR) of approximately 20% from 2025 to 2030.

Analyst sentiment remains bullish. JP Morgan Chase reiterated its Overweight rating and gave ASML stock a price target of $1,100—more than 50% above the consensus target as of late February 2025.

Nintendo Co. Ltd. (OTCMKTS: NTDOY) is the parent company behind the Nintendo Switch, one of the most popular handheld video game consoles of the last decade. That console is nearly 10 years old and gamers are eagerly awaiting the release of the second generation Switch (NS2), which is expected sometime in 2025.  

That’s one reason that analysts believe NTDOY stock could provide solid growth for investors in the coming years. However, the low-margin nature of gaming hardware isn’t a sufficient reason to buy. The company’s real strength lies in its iconic intellectual property, particularly the Super Mario franchise. Following the success of The Super Mario Bros. Movie in 2024, a sequel is already set for release in 2026.

But before that happens, Super Nintendo World, the latest in the company’s theme park destinations, will open in Florida. This will continue to open up licensing and marketing opportunities for the company.

Consumer staples stock Nestle S.A. (OTCKMKTS: NSRGF) is best known for its signature chocolate products under the Nestle brand name. But Nestle has an expansive portfolio that includes bottled water, baby food, pet food, and coffee.  

That diversification means the company is less exposed to the decline in snack food sales due to the popularity of GLP-1 drugs. In fact, the company cites macroeconomic factors such as tariffs and higher commodity prices as the main threats to the business over the next couple of years. 

Those are real concerns, but they tend to be more cyclical in nature. That makes Nestle a solid choice for investors who prioritize stability over growth. And after a rough 2024, shares of NSRGF stock are off to a strong start in 2025.  

Automotive stocks were a tough investment in 2024. But as the market shakes out, Toyota Motor Corp. (NYSE: TM) looks to be in a sweet spot.  

Electric vehicle (EV) sales didn’t accelerate as forecasted. If you live in or around a major city, it may surprise you to know that the EV infrastructure is not as developed in other areas of the country. Plus, when you consider that the current lithium-ion batteries may perform poorly in extreme temperatures, the market may not be as robust as first thought. 

Toyota, meanwhile, has remained focused on hybrid vehicles. In 2022 and 2023, that strategy weighed on the company as more investor dollars went to start-up EV companies. But in 2024, hybrids are gaining popularity, offering consumers the benefits of electrification without the limitations of full EVs. With hybrid technology expanding into larger vehicles like SUVs and trucks, Toyota is well-positioned to capitalize on shifting consumer preferences.

Biopharmaceutical giant AstraZeneca PLC (NASDAQ: AZN) is a steady performer in what can be a volatile sector. In addition to its active drug portfolio, which includes treatments for oncology and rare diseases, the company's pipeline includes over 190 drug candidates. 

Of course, not all of those drugs will make it through the clinical trial stage, but AstraZeneca projects at least 20 new medicine launches by 2030. The company anticipates its revenue to reach approximately $80 billion by then—nearly doubling its current annual revenue.

AZN stock has a forward P/E ratio of 16.1, which is in line with the sector average. And with a dividend that yields over 2%, AstraZeneca displays many of the characteristics that patient investors look for in a slow-and-steady stock: a solid mix of stability, growth potential, and reliable income.

Canadian National Railway Co. (NYSE: CNI) is one of the largest transportation challenges in Canada and all of North America.  Like many logistic stocks, the company was under pressure in 2024, with modest growth in volume and revenue, though earnings saw a slight decline.

But ironically, it’s a stock that may stand up well to tariff pressures. Canadian National Railway is well-positioned to benefit from businesses looking for efficient, reliable transportation networks. The company is forecasting earnings growth between 10% and 15% in 2025. 

And even if investors have to wait on stock price growth, they can collect a dividend with an attractive yield of around 2.4%.