Taiwan Semiconductor (TSM) Remains at the Center of the AI Boom

In its second-quarter 2026 capitalist letter, Polen Focus Growth Strategy highlighted stocks similar Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's starring declaration spot manufacturer, producing precocious semiconductors for large exertion companies. The one-month instrumentality of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was 8.06% portion its shares traded betwixt $223.70 and $479.00 implicit the past 52 weeks. On August 13, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) banal closed astatine astir $429.15 per share, with a marketplace capitalization of astir $2.23 trillion.

Polen Focus Growth Strategy stated the pursuing regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q2 2026 capitalist letter:

Finally, we initiated a presumption successful Taiwan Semiconductor Manufacturing Company (NYSE:TSM), the ascendant pure semiconductor foundry globally. Most of the world's semiconductor companies plan but don't manufacture chips. TSMC is the go-to shaper with decades of concern and experience. They nutrient thousands of antithetic products using hundreds of antithetic technologies for galore antithetic end markets. The immense bulk of their income are from starring edge manufacturing processes, which we deliberation further distances the company from its peers who deficiency the resources to support up with the accrued complexity of spot production. TSMC is technology and lawsuit agnostic, truthful it is the default supplier for astir all new spot technologies from whichever institution designs those chips. While the institution and astir of its manufacturing is based in Taiwan, the immense bulk of its income are to US-based companies similar NVIDIA, Apple, Amazon, Google, and Qualcomm. TSMC is the latest summation to the Portfolio successful the semiconductor supply concatenation due to the fact that we deliberation each of these companies represent a monopoly oregon duopoly benignant concern with agelong word secular growth successful summation to the existent beardown AI cycle.