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Ark Invest Increases Holdings in Chip Stocks
Ark Invest has significantly raised its positions in semiconductor companies Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSMC) in recent months. Over the course of late April and May, Ark added approximately 800,000 shares of AMD, making it the 11th largest position in the firm’s portfolio. The investment was fueled by a 61% rise in AMD’s share price.
Additionally, Ark acquired over 190,000 shares of TSMC throughout June. TSMC is seen as a key player in the AI infrastructure market, benefiting from increased semiconductor demand without directly competing in design. Currently, TSMC trades at a forward price-to-earnings ratio of 25, a reasonable valuation amid rising geopolitical tensions with China.
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