Demand Uptick Lifted Taiwan Semiconductor Manufacturing Company Limited (TSM) in Q2

Group 1 - Brown Advisory's "Global Leaders Strategy" aims to deliver strong long-term performance by investing in a focused portfolio of companies that solve customer problems and provide good returns for shareholders [1] - The strategy outperformed its benchmark in the second quarter of 2025, primarily due to investment selection in Information Technology and Industrials [1] - The investor letter highlights Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as a key stock, noting its significant one-month return of 12.43% and a 52-week gain of 51.56% [2] Group 2 - Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is recognized for its leadership in leading node manufacturing, which allows it to capture market share and benefit from strong demand in high-performance computing and AI infrastructure [3] - As of the end of the second quarter, TSM was held in 187 hedge fund portfolios, indicating its popularity among institutional investors [4] - Despite its strong position, some analysts suggest that other AI stocks may offer greater upside potential and less downside risk compared to TSM [4]