Cathy Wood's ARK Fund has recently made a substantial increase in its holdings of TSMC American Depositary Receipts (ADR), with the purchase volume reaching its highest level in nearly a year. This significant boost equates to approximately 87% of the fund's position as of the end of March. This move comes amidst improving China-US trade relations and enhanced AI cooperation between the US and the Middle East, which have positively influenced market sentiment. As a key supplier to NVIDIA, TSMC has reaped significant benefits from these developments. Analysts anticipate that TSMC has the potential for approximately 11% upside growth in the next 12 months.
