Demand Surge Fuels Taiwan Semiconductor Manufacturing Company’s (TSM) Rally

1 week ago 6

Soumya Eswaran

Tue, April 28, 2026 astatine 9:35 AM CDT 3 min read

Wedgewood Partners, an concern absorption company, released its first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Wedgewood Composite returned -6.3% (net) successful the archetypal 4th compared to the S&P 500’s -4.3%, the Russell 1000 Growth Index’s -9.8%, and the Russell 1000 Value Index’s 2.1% returns. The missive mentioned the ongoing war, highlighting the swift effect of fiscal and commodities markets to subject strikes and geopolitical commentary. Historically, lipid shocks person consistently displayed a important power connected planetary fiscal markets. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Wedgewood Partners highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) arsenic a apical contributor to portfolio performance. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s starring shaper of integrated circuits and different semiconductor devices. On April 27, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed astatine $404.98 per share. One-month instrumentality of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was 18.81%, and its shares gained 135.98% implicit the past 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a marketplace capitalization of $2.01 trillion.

Wedgewood Partners stated the pursuing regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) successful its Q1 2026 capitalist letter:

"Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was a apical contributor to portfolio show successful the archetypal quarter. Revenues grew +25%, and the Company guided to accelerating gross maturation to +30% successful 2026 arsenic request for compute accelerators for AI applications continues to ramp unabated. In addition, the Company precocious reported that March gross was up +45% twelvemonth implicit year, +31% period implicit month, and +35% twelvemonth to date. The semiconductor lawsuit basal has evolved to the constituent that the Company progressively works straight with non-traditional extremity customers, peculiarly unreality work providers, to make customized silicon. This helps the Company amended lucifer proviso with demand, truthful contempt beardown gross growth, the Company has kept superior expenditures comparatively successful enactment with gross growth. In addition, the Company is raising prices arsenic utilization rates astatine leading-edge nodes proceed to climb. We trimmed positions due to the fact that our holdings exceeded 10% of portfolios. Taiwan Semiconductor Manufacturing Company remains a apical holding."

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