Top hedge funds shift from Broadcom to Taiwan Semiconductor amid AI chip growth.
Market News
16 Aug 2026
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24/7 Wall Street
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Neutral
In Q2 filings, major hedge funds like David Tepper's Appaloosa, Dan Loeb's Third Point, and Stanley Druckenmiller's Duquesne Family Office significantly increased holdings in Taiwan Semiconductor Manufacturing (TSMC) while reducing or exiting positions in Broadcom. Despite Broadcom's strong Q2 revenue growth and AI chip sales, concerns over customer concentration and supply chain issues have pressured its stock. TSMC, benefiting from broad AI demand and diversified customers, posted strong revenue and raised its 2026 capital expenditure outlook. Investors see TSMC as a core AI play, while Broadcom is viewed as undervalued but facing near-term challenges.
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