Cathie Wood’s Ship Invest is a great bet on TSMC

Cathie Wood’s Hedge Foundation Ark Investment Taiwanese semiconductor production company limited (NYSE:Tsm) on May 20 in a trade.

Ship Investment Funds draws the TSMC fund that expresses a strategic change in this non-Nvidia chip fund. Ark Innovation ETF, the ship received 27,099 shares of TSM, while the next generation Internet ETF receives 17.172 TSM shares. The combined cost of this trade is almost $ 8.4 million.

Creates a powerful calculation system near a lapboard.

Last year, after the sale of TSM shares in Q3, the tree bets on the semiconductor producer. This action comes in reverse after some major events in the last week. The growing role in ensuring the best US companies in the United States and consumer electronics attracted the attention of investors. The cooperation of the TSM, which is chip designers such as Qualcomm, reflects the integral part of the global AI chips supply chain. After the facilitation of trade between the United States and China, investors see the potential for the Bundle of TSM.

Taiwan Semikonducktor Production Company Limited (NYSE: TSM), participates in the provision of integrated circuits in leading chip designers. TSMC’s integrated circuit production services include special process technology, process technology, mask technology and silicone stock services among others. Some of the best customers of TSMC’s chips include Apple, NVidia, AMD, Broadcom, Marvell, Medatek and Qualcomm.

While accepting that we recognize the potential of TSM’s growth, our belief is in belief that some AI shares are more promised for the delivery of higher income and a limited number of risks. If you are looking for an AI stock with more promising and 100x upside potential than TSM, review our report Cheap EU reserves.

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Disclosure. None.