TSMC Drove SGA Q2 Gains as AI Chip Demand Lifted Shares 73%

1 articles · Updated · Yahoo Finance · Aug 24

SGA said TSMC was a top contributor to its Global Growth Strategy in Q2 2026, with the fund keeping an above-average position in the chipmaker.
AI accelerators and CPU customers kept demanding more advanced logic and compute capacity, supporting TSMC as the leading semiconductor foundry.
TSMC closed at $418.95 on Aug. 21, up 2.34% over one month and 73.37% over 52 weeks, giving it a market value of about $1.9 trillion.
SGA’s portfolio returned 7.4% gross in the quarter, trailing the MSCI ACWI’s 14.9% even as semiconductor and AI infrastructure stocks led the broader market.
The firm said more than 60% of holdings beat expectations, arguing valuation pressure reflects sentiment rather than weaker fundamentals and still backing 16% revenue growth and 20% earnings growth over three years.