From Yahoo Finance: 2025-05-22 18:15:00

Cathie Wood’s Ark Invest acquired millions of shares of Taiwan Semiconductor Manufacturing Company Limited (TSM) on May 20, with a combined value of almost $8.4 million. This move signals a strategic shift towards TSMC, a non-Nvidia chip stock, following major developments last week. TSMC supplies top U.S. firms with AI and consumer electronics chips.

TSMC provides integrated circuit manufacturing services to top chip designers like Apple, Nvidia, and Qualcomm. While TSM has growth potential, investors see greater promise in other AI stocks. For those seeking a more promising AI stock with 100x upside potential, a report on the cheapest AI stock is available. No promotional content was disclosed in the news article.



Read more at Yahoo Finance: Cathie Wood’s Ark Invest is Betting Big on TSMC