"Muto Jie, who increased its holdings of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) on a large scale for the first time in the past year, is once again betting on the AI dividend."

Renowned fund manager "Cathy Wood", under whose flag the fund has made a large-scale purchase of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) stocks for the first time in the past year, signaling a shift in her position - since the third quarter of last year, most of her funds have been steadily reducing their holdings of this chip manufacturing giant. Data from ARK Investment Management Company shows that Wood's flagship fund, ARK Innovation ETF, purchased 123,587 shares of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR American Depositary Receipts (ADR) on Monday, while ARK Next Generation Internet ETF bought 74,189 shares. This increase in holdings comes at a time when the world's two largest economies have reached a trade truce to ease tensions. A series of artificial intelligence cooperation agreements reached by U.S. President Trump with Saudi Arabia and the United Arab Emirates also bode well for NVIDIA Corporation's core supplier, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. Although Ark Funds had made a small increase in holdings of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR in February, this purchase represents the largest since June 18 last year, equivalent to 87% of the fund's holdings as of the end of March. The ADR price of this industry bellwether company has recovered over half of the 37% decline from its peak in January to its trough in April. According to Bloomberg data, analysts expect its stock price to rise by 11% in the next 12 months. Despite Wood's reputation for investing in disruptive technology, her flagship fund has underperformed in recent years. Even though it has risen by 82% in the two years leading up to 2024, the ARK Innovation ETF is still down by about 63% from its peak, and has lagged behind the Nasdaq Composite Index for most of the past five years.