Cathie Wood Returns to Taiwan Semiconductor (TSM) With $8.4M in Fresh Buys

Cathie Wood’s Ark Invest is circling back to Taiwan Semiconductor Manufacturing (TSM, Financials), picking up $8.4 million worth of shares on May 20 across two ETFs. That came just a day after a much larger $38.4 million purchasesignaling renewed interest in a stock Ark had been pulling away from last year.

It’s more than a rebound trade. With some easing in U.S.China tensions and a renewed push for AI chips, Wood seems to be repositioning. TSM is a behind-the-scenes force in the chip world, supplying heavyweights like Nvidia (NVDA, Financials), Apple (AAPL, Financials), Qualcomm (QCOM, Financials), and AMD (AMD, Financials).

Shares are still slightly down this year, but that may have opened a window. Ark has long leaned into buying during market dips, and this time is no different. Even as the firm builds up its TSM stake, it hasn’t stepped away from Nvidia. NVDA remains a core holding across multiple Ark funds.

Ark’s moves suggest a broader view: that both design leaders and manufacturing giants will ride the AI wavetogether.

This article first appeared on GuruFocus.