Independent Financial Group LLC Raises Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

Independent Financial Group LLC nearly doubled its stake in Taiwan Semiconductor Manufacturing Company (TSMC) in Q2, acquiring an additional 47,873 shares to hold a total of 98,811 shares valued at ap... Read original →

Independent Financial Group LLC's increased stake in TSMC signals institutional confidence in the AI chip cycle, as 2-nanometer process nodes and EUV technology mature, reinforcing TSMC’s dominance in advanced manufacturing. The joint venture with Sony on CMOS sensors enhances vertical integration. However, SoftBank’s selling pressure and a current P/E of 30.78 suggest near-term valuation risks. If AI demand slows, TSMC may face declining capacity utilization. Competitors like NVIDIA and Intel are ramping up advanced process development, and in the next 12 months, tighter policies in China Taiwan/ Taiwan, China could force TSMC to restructure global production. Market valuations already reflect long-term growth, but systemic risks at the cycle peak remain high.