Raub Brock Capital Management LP Decreases Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

In Q2 2026, Raub Brock Capital Management LP reduced its stake in Taiwan Semiconductor Manufacturing (TSMC) by 30.3%, selling 16,255 shares, although TSMC remains the firm’s second-largest holding at ... Read original →

The reduction in TSMC holdings by Raub Brock reflects growing concerns over semiconductor valuations amid the AI chip boom. SoftBank’s massive sell-off has intensified market caution, despite TSMC’s continued technological leadership in 2nm and advanced packaging. The $4.69 billion Sony-TSMC JV strengthens TSMC’s position in CMOS sensors, but macro risks and supply chain fragility weigh on sentiment. Fidelity’s bearish outlook on the cycle peak suggests potential downside. If TSMC fails to maintain its technological edge, competitors may capitalize. Over the next 12–24 months, slowing AI demand and geopolitical tensions could trigger industry consolidation and strategic reshuffling.