Latest news with #ArkInvest
Yahoo
3 days ago
- Business
- Yahoo
Cathie Wood Returns to Taiwan Semiconductor (TSM) With $8.4M in Fresh Buys
Cathie Wood's Ark Invest is circling back to Taiwan Semiconductor Manufacturing (TSM, Financials), picking up $8.4 million worth of shares on May 20 across two ETFs. That came just a day after a much larger $38.4 million purchasesignaling renewed interest in a stock Ark had been pulling away from last year. Warning! GuruFocus has detected 3 Warning Signs with NVDA. It's more than a rebound trade. With some easing in tensions and a renewed push for AI chips, Wood seems to be repositioning. TSM is a behind-the-scenes force in the chip world, supplying heavyweights like Nvidia (NVDA, Financials), Apple (AAPL, Financials), Qualcomm (QCOM, Financials), and AMD (AMD, Financials). Shares are still slightly down this year, but that may have opened a window. Ark has long leaned into buying during market dips, and this time is no different. Even as the firm builds up its TSM stake, it hasn't stepped away from Nvidia. NVDA remains a core holding across multiple Ark funds. Ark's moves suggest a broader view: that both design leaders and manufacturing giants will ride the AI wavetogether. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Cathie Wood's Ark Invest is Betting Big on TSMC
Cathie Wood's hedge fund Ark Invest purchased millions of shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in a trade on May 20. Ark Invest funds are snapping up TSMC stock, indicating a strategic shift towards this non-Nvidia chip stock. The Ark Innovation ETF bought 27,099 shares of TSM, while the Ark Next Generation Internet ETF acquired 17,172 TSM shares. The combined value of this trade is almost worth $8.4 million. A close up of a circuit board, its microchips creating a powerful computing system. Wood's funds are once again betting on the semiconductor maker after they began the sell-off of TSM shares in Q3 last year. This move comes as a reversal following some major developments in the past week. TSM's growing role in supplying top U.S. firms with AI and consumer electronics chips has caught the attention of investors. TSM's collaborations with chip designers such as Qualcomm reflect the growing demand and its integral part in the global AI chips supply chain. Following the easing of trade between the U.S. and China, investors see potential in TSM's cross-border manufacturing capabilities. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is involved in providing integrated circuit manufacturing services to leading chip designers. TSMC's integrated circuit manufacturing services include special process technology, process technology, mask technology, and silicon staking technology services, among others. Some of the top customers of TSMC's chips include Apple, Nvidia, AMD, Broadcom, Marvell, MediaTek, and Qualcomm. While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Cathie Wood's Ark Invest is Betting Big on TSMC
Cathie Wood's hedge fund Ark Invest purchased millions of shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in a trade on May 20. Ark Invest funds are snapping up TSMC stock, indicating a strategic shift towards this non-Nvidia chip stock. The Ark Innovation ETF bought 27,099 shares of TSM, while the Ark Next Generation Internet ETF acquired 17,172 TSM shares. The combined value of this trade is almost worth $8.4 million. A close up of a circuit board, its microchips creating a powerful computing system. Wood's funds are once again betting on the semiconductor maker after they began the sell-off of TSM shares in Q3 last year. This move comes as a reversal following some major developments in the past week. TSM's growing role in supplying top U.S. firms with AI and consumer electronics chips has caught the attention of investors. TSM's collaborations with chip designers such as Qualcomm reflect the growing demand and its integral part in the global AI chips supply chain. Following the easing of trade between the U.S. and China, investors see potential in TSM's cross-border manufacturing capabilities. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is involved in providing integrated circuit manufacturing services to leading chip designers. TSMC's integrated circuit manufacturing services include special process technology, process technology, mask technology, and silicon staking technology services, among others. Some of the top customers of TSMC's chips include Apple, Nvidia, AMD, Broadcom, Marvell, MediaTek, and Qualcomm. While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
5 days ago
- Business
- Yahoo
Cathie Wood's Ark Invest Loads up on TSMC, Snaps Up Millions in Chip Powerhouse
May 21 - Taiwan Semiconductor Manufacturing Company (NYSE:TSM) drew attention after Cathie Wood's Ark Invest made sizable additions to its position, reflecting a shift in the firm's semiconductor strategy. Ark Innovation ETF (ARKK) bought 27,099 TSM shares, while Ark Next Generation Internet ETF added 16,172 shares, collectively investing roughly $8.4 million in the contract chipmaker. Warning! GuruFocus has detected 3 Warning Sign with NSE:SHK. Wood's funds have trimmed exposure to some high-growth technology names in recent months but are increasing their stake in TSM, underscoring confidence in the company's pivotal role supplying leading U.S. firms in artificial intelligence and consumer electronics. TSM's partnerships with chip designers such as Qualcomm highlight its integral position in the global AI supply chain. With geopolitical tensions easing somewhat, investors may be eyeing TSM's cross-border manufacturing capabilities as an opportunity to tap sustained demand for advanced semiconductors. Ark Invest also expanded its holdings in Nextdoor Holdings and Blade Air Mobility, while modestly reducing its position in UiPath (NYSE:PATH). This rebalancing reflects Wood's broader strategy of backing established leaders that stand to benefit from secular trends in AI, digital services and next-generation mobility. Based on the one year price targets offered by 17 analysts, the average target price for Taiwan Semiconductor Manufacturing Co Ltd is $216.39 with a high estimate of $265.34 and a low estimate of $119.37. The average target implies a upside of +11.86% from the current price of $193.45. Based on GuruFocus estimates, the estimated GF Value for Taiwan Semiconductor Manufacturing Co Ltd in one year is $206.18, suggesting a upside of +6.58% from the current price of $193.45. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Cathie Wood's Ark Invest Loads up on TSMC, Snaps Up Millions in Chip Powerhouse
May 21 - Taiwan Semiconductor Manufacturing Company (NYSE:TSM) drew attention after Cathie Wood's Ark Invest made sizable additions to its position, reflecting a shift in the firm's semiconductor strategy. Ark Innovation ETF (ARKK) bought 27,099 TSM shares, while Ark Next Generation Internet ETF added 16,172 shares, collectively investing roughly $8.4 million in the contract chipmaker. Warning! GuruFocus has detected 3 Warning Sign with NSE:SHK. Wood's funds have trimmed exposure to some high-growth technology names in recent months but are increasing their stake in TSM, underscoring confidence in the company's pivotal role supplying leading U.S. firms in artificial intelligence and consumer electronics. TSM's partnerships with chip designers such as Qualcomm highlight its integral position in the global AI supply chain. With geopolitical tensions easing somewhat, investors may be eyeing TSM's cross-border manufacturing capabilities as an opportunity to tap sustained demand for advanced semiconductors. Ark Invest also expanded its holdings in Nextdoor Holdings and Blade Air Mobility, while modestly reducing its position in UiPath (NYSE:PATH). This rebalancing reflects Wood's broader strategy of backing established leaders that stand to benefit from secular trends in AI, digital services and next-generation mobility. Based on the one year price targets offered by 17 analysts, the average target price for Taiwan Semiconductor Manufacturing Co Ltd is $216.39 with a high estimate of $265.34 and a low estimate of $119.37. The average target implies a upside of +11.86% from the current price of $193.45. Based on GuruFocus estimates, the estimated GF Value for Taiwan Semiconductor Manufacturing Co Ltd in one year is $206.18, suggesting a upside of +6.58% from the current price of $193.45. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
