TSMC Rally May Extend as Foreign Ownership Still Far From Record
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Foreign holdings in Taiwan Semiconductor Manufacturing Co. have yet to peak amid this year’s stock surge, which may give global funds scope to keep buying.
Nvidia Corp.’s strong earnings results last week renewed the hype around AI, prompting overseas investors to boost their ownership in TSMC’s Taipei-listed shares to almost 75% as of Friday. That’s the highest level in more than two years, but still off a record from 2017, when foreign funds held more than 80% of the company’s total outstanding shares.