In its Q2 2026 investor letter, Artisan Global Opportunities Fund noted Taiwan Semiconductor Manufacturing Company Limited (TSM) as a significant contributor to its performance. The fund cited TSM's global leadership in advanced semiconductor manufacturing, strong pricing power supported by AI-driven demand, and its bottleneck position in the AI supply chain. The fund expects robust demand and earnings momentum, supported by recent results showing 41% revenue growth and 66% gross margins, along with a reasonable valuation for a long-term profit cycle. TSM shares gained 78.80% over the past 52 weeks, closing at $414.00 on September 1, 2026.