Strong Earnings Demonstrate Taiwan Semiconductor Manufacturing Company Limited’s (TSM) Key Role in The AI-Capex Cycle

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Soumya Eswaran

Thu, June 25, 2026 astatine 11:55 AM CDT 3 min read

Janus Henderson Investors, an concern absorption company, released its first-quarter 2026 capitalist missive for the "Global Sustainable Equity Fund". A transcript of the missive tin beryllium downloaded here. In the quarter, the Fund returned -3.07%, somewhat amended than the MSCI World Index's -3.57%. Strong banal enactment successful accusation technology, particularly companies tied to artificial quality (AI) infrastructure, supported the comparative performance. However, holdings delicate to AI disruption fears underperformed, and minimal vigor vulnerability besides impacted results. The twelvemonth began positively, but a crisp diminution followed, mostly owed to the struggle betwixt the U.S. and Israel with Iran, arsenic good arsenic concerns astir AI disruption and overinvestment. Despite this volatility, vigor emerged arsenic the lone beardown performer. The steadfast remains committed to investing successful companies with pricing power, durable franchises, and semipermanent themes that tin withstand volatility and turn implicit time. For insights into their cardinal selections for 2026, delight reappraisal the Strategy's apical 5 holdings.

In its first-quarter 2026 capitalist letter, Janus Henderson Global Sustainable Equity Fund highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) arsenic a apical contributor to performance. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's starring declaration spot manufacturer, producing precocious semiconductors for large planetary exertion companies. On June 24, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed astatine $440.83 per share. One-month instrumentality of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was 4.54%, and its shares gained 98.27% implicit the past 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a marketplace capitalization of $2.29 trillion.

Janus Henderson Global Sustainable Equity Fund stated the pursuing regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) successful its Q1 2026 capitalist letter:

"At the banal level, the largest contributors to comparative show included Keysight, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Boralex. TSMC's banal terms rallied owed to continued beardown earnings, reflecting its pivotal relation successful the AI-capex cycle. Its ascendant marketplace position, vulnerability to large AI-chip players – including graphics processing units (GPUs), exertion circumstantial integrated circuits (ASICs), and customized silicon – reinforced its presumption arsenic a semipermanent victor from the AI revolution. The company's enactment successful precocious process nodes and cutting-edge packaging technologies has cemented its presumption arsenic AI chipmakers' foundry of choice, arsenic good arsenic a driving unit down planetary productivity improvements."

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