Taiwan Semiconductor Manufacturing Company Limited (TSM) Doubled Since Giverny Capital Asset Management’s Entry

3 hours ago 1

Soumya Eswaran

Tue, July 21, 2026 astatine 9:37 AM CDT 3 min read

Giverny Capital Asset Management, LLC, an concern absorption company, precocious published its second-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The exemplary portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, portion the scale accrued by 10.21%. The semipermanent nexus betwixt banal appreciation and net maturation is strong; Benjamin Graham described the marketplace arsenic a "voting machine" successful the abbreviated word and a "weighing machine" successful the agelong term. Despite the S&P 500's 10.2% emergence successful the archetypal fractional of the year, 210 stocks mislaid value, indicating marketplace anomalies. High-quality net compounders that payment from AI capabilities are apt to support their competitory edge. Recently, the marketplace has progressively chased momentum. Tech giants are taking vantage of the optimism of investors amid fears of an AI bubble. Despite beardown nett margins, reliance connected "moonshot" investments raises sustainability concerns. The writer recommends investing successful some emerging tech leaders and established firms. In addition, delight cheque the Strategy's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, Giverny Capital Asset Management highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's starring declaration spot manufacturer, producing precocious semiconductors for large planetary exertion companies. On July 20, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed astatine $402.30 per share. One-month instrumentality of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was -4.25%, and its shares gained 78.11% implicit the past 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a marketplace capitalization of $1.86 trillion.

Giverny Capital Asset Management stated the pursuing regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) successful its Q2 2026 capitalist update:

"Our fourth-largest presumption is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), which is up astir 100% since we bought it past summer. TSMC is the superior supplier of leading-edge machine chips for astir each large exertion company, from Nvidia to Broadcom to Apple. Its maturation is besides accelerating, with June gross up 68% from a twelvemonth earlier."

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is successful 6th presumption connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 234 hedge money portfolios held Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) astatine the extremity of the archetypal quarter, up from 224 successful the erstwhile quarter. In Q1 2026, Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) revenue increased 6.4% (in U.S. dollar terms) sequentially to $35.9 billion, exceeding the guidance. While we admit the imaginable of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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