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ARK Invest’s $34.5M TSMC Bet Signals Semiconductor Optimism Amid Market Volatility
ARK Invest’s $34.5M TSMC Bet Signals Semiconductor Optimism Amid Market Volatility
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Cathie Wood’s ARK Invest has acquired $34.5 million worth of Taiwan Semiconductor Manufacturing Co. (TSMC) shares at approximately $174 per share, signaling confidence in the semiconductor sector despite recent market turbulence. The purchase of 198,275 shares comes as TSMC trades NEAR $193.45, showing only a marginal 0.03% decline in the latest session.
The move appears strategically timed, with semiconductor stocks experiencing mixed signals across global markets. ARK’s position suggests institutional anticipation of a sector rebound, particularly noteworthy given the parallel volatility in cryptocurrency markets that often correlates with tech stock movements.
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