Cathie Wood Dumps Millions in Red-Hot AI Chip Giant After Record Run

This article first appeared on GuruFocus.

ARK Invest trimmed its stake in Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday, selling 41,540 shares worth about $16.6 million as the chipmaker reached a record high.

TSMC gained 4.4% to $421.97 in the session, extending a rally tied to optimism around long-term AI chip demand. The sale suggests Cathie Wood’s funds took some profits after the stock moved to fresh highs.

The move came through ARK’s daily fund disclosures and marked the largest semiconductor trade in the filing focused on TSMC. The company remains one of the market’s most closely watched names because of its role as a key foundry supplier for advanced chips used in AI and data centers.

The transaction does not appear to reflect a broader shift in TSMC’s business outlook. Instead, it shows ARK adjusting exposure after a strong run in the stock.