Annex Advisory Services LLC Has $23.11 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

Annex Advisory Services LLC reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 8.9% in Q2, selling 4,714 shares while retaining 48,397 shares valued at approximately $23.11 mill... Read original →

TSMC’s soaring revenue, driven by strong AI chip demand, has led institutional investors like Annex Advisory to reduce holdings amid concerns over overvaluation. This reflects growing skepticism toward high-flying semiconductor stocks. Technologically, the surge in 3nm and below demand is reinforcing TSMC’s leadership, while its joint venture with Sony in image sensors bolsters presence in automotive and robotics. However, escalating capital expenditure, geopolitical risks, and supply chain fragility in China Taiwan/ Taiwan, China pose long-term threats. Competitors such as Samsung and GlobalFoundries are accelerating AI chip development to capture market share. Over the next 12–24 months, a slowdown in AI investment or supply disruptions could trigger a valuation correction. The key battleground will be between process leadership and capacity utilization, with capital spending trends shaping investor sentiment.