TSM - Cathie Wood-Led Ark Picks Up $5.3M Worth Of TSMC Shares— Also Picks Up Palantir Amazon Stock Amid Ongoing AI Frenzy | Benzinga
On Monday, Cathie Wood-led Ark Invest made some significant trades, with Palantir Technologies Inc. (NYSE:PLTR), Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), and Amazon.com Inc. (NASDAQ:AMZN) emerging as the most prominent ones. These trades were made amid the ongoing AI frenzy that has enveloped Wall Street.
The TSMC Trade: The ARK Next Generation Internet ETF (NYSE:ARKW) fund bought 30094 shares of Taiwan Semiconductor Manufacturing Company. The transaction was valued at $5.33 million. TSMC stock closed 2.7% higher at $177.24 in Monday’s regular session.
This trade comes as Susquehanna maintained a Positive rating on the stock and raised its price target from $180 to $200. According to a report from the Commercial Times of Taiwan, TSMC plans to increase the price of its 3nm wafers by more than 5% and the price for advanced packaging next year ...