TSMC (ADR)

Artisan Global Opportunities highlighted Taiwan Semiconductor Manufacturing Company Limited as a top contributor, citing AI-driven pricing power and supply constraints for advanced capacity. Recent results beat expectations with revenue up 41% and gross margins expanding to 66%, supporting robust demand and earnings momentum. The firm expects a durable profit cycle backed by bottleneck positioning in the AI supply chain and recent price increases. » More on finance.yahoo.com

Giverny Capital highlighted Taiwan Semiconductor Manufacturing Company as a leading contributor in its Q1 2026 investor letter, noting the stock held up while major customers saw valuation declines. TSMC's shares rose strongly over the past year (52-week gain 102.41%) and the company reported sequential revenue growth of 6.4% to $35.9 billion, beating guidance. The firm noted the PE valuation gap versus customers is narrowing amid resilient demand from Nvidia, Broadcom and Apple. » More on finance.yahoo.com

TSMC says customer demand from AI is so high that the company can only support so much capacity and may take a very long time to fulfill needs with US-based production. CEO C.C. Wei said TSMC is trying to avoid becoming a bottleneck and would prefer to raise prices but will not enact abrupt hikes. The company has opened an Arizona fab and plans to invest $165 billion in three more US plants, two advanced packaging sites and an R&D center as it scales capacity. » More on theverge.com