Taiwan Semiconductor Manufacturing Company (TSM) Surged Amid Increasing AI Momentum

Core Insights - Janus Henderson Forty Fund reported an 8.38% return in Q3 2025, underperforming the Russell 1000 Growth Index which returned 10.51% [1] - Positive corporate earnings and expectations for Federal Reserve rate cuts drove US equities higher in the third quarter [1] Fund Performance - The fund's performance was positively impacted by stock selection in the healthcare sector, while stock selection in the consumer discretionary sector detracted from performance [1] - The top five holdings of the fund are highlighted as key picks for 2025 [1] Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC's stock gained 7.03% in the last month and 51.67% over the past 52 weeks, closing at $304.85 with a market capitalization of $1.581 trillion on December 11, 2025 [2] - TSMC is recognized as a leading supplier of graphics processing units, particularly for companies like NVIDIA, which are heavily investing in AI technologies [3] - The company is well-positioned to benefit from increased spending in high-performance computing due to its scale, technological advantages, and partnerships with major semiconductor firms [3] Hedge Fund Interest - TSMC ranked 9th among the 30 most popular stocks among hedge funds, with 194 hedge fund portfolios holding its shares at the end of Q3 2025, up from 187 in the previous quarter [4] - TSMC's revenue increased by 6% sequentially in NT during Q3 2025 [4]