Reported 8 months ago
Cathie Wood, dubbed as the female stock guru, who had previously reduced her holdings in TSMC ADR back in February due to bearish views on AI, succumbed to the allure of AI and reloaded relevant stocks. As reported by US media, Wood made significant investments in AI concept stocks on the 17th, including splurging over $5.3 million (approximately NT$170 million) to buy TSMC ADR. Wood's ARK Investment Management bought massive amounts of AI concept stocks, such as TSMC, Amazon, and Palantir Technologies known for big data analytics. TSMC ADR rose by 2.7% on Monday, closing at $177.24. Susquehanna, a private financial technology company, maintained a positive rating on TSMC ADR and raised the target price from $180 to $200. Commercial Times from Taiwan reported that TSMC plans to raise 3nm production prices by over 5%, and advanced packaging prices are also expected to increase by about 10% to 20% next year, with 3nm chip capacity fully booked by major clients like Apple and Nvidia until 2026.
Source: YAHOO