<div id="readability-page-1"><div><div>On Tuesday, Cathie Wood-led Ark Invest made notable trades, prominently acquiring shares of Taiwan Semiconductor Manufacturing Co. Ltd TSM. This strategic move involved significant purchases across multiple Ark ETFs, reflecting a strong belief in TSMC’s future potential.The TSM Trade: Ark Invest’s acquisition of TSMC shares on Tuesday was substantial, with the ARK Innovation ETF ARKK purchasing 27,099 shares and the ARK Next Generation Internet ETF ARKW acquiring 16,172 shares. On Tuesday, Taiwan Semiconductor stock was largely unmoved at $193.45. The Ark trades were valued at $8.4 million. Earlier, on Monday, Ark had picked up $3.83 million worth of TSMC stock.TSMC’s ongoing collaborations with Qualcomm and other original design manufacturers in Taiwan further highlight its pivotal role in advancing next-generation mobile and AI chips. Qualcomm’s chief, Cristiano Amon, emphasized the importance of TSMC in their supply chain ahead of the Computex trade show. This partnership is expected to solidify TSMC’s position as a leader in the semiconductor industry.Other Key Trades:<ul> <li>Sold 1,300 shares of UiPath Inc. (PATH) from the ARK Fintech Innovation ETF (ARKF).</li> <li>Bought 84,478 shares of Nextdoor Holdings Inc (KIND) through the ARK Next Generation Internet ETF (ARKW).</li> <li>Acquired 839 shares of Blade Air Mobility Inc (BLDE) via the ARK Space Exploration &amp; Innovation ETF (ARKX).</li> </ul>TSMC ranks 82nd in Momentum and also on Growth, according to Benzinga Edge Stock Rankings. For a fuller analysis of the stock, click here.Photo Courtesy: Ira Lichi On Shutterstock.com<ul> <li>Senate Crypto Bill Passes Key Vote, GENIUS Act Moves Toward Final Passage</li> </ul>This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal</div></div></div>

Cathie Wood's Ark Invest made significant trades on Tuesday, acquiring $8.4 million worth of Taiwan Semiconductor Manufacturing Co. (TSMC) shares across multiple ETFs, including 27,099 shares for the ARK Innovation ETF and 16,172 shares for the ARK Next Generation Internet ETF. TSMC's stock remained stable at $193.45. The firm also sold shares of UiPath and bought shares of Nextdoor Holdings and Blade Air Mobility. TSMC's collaborations with Qualcomm highlight its key role in the semiconductor industry.

- Ark Invest, led by Cathie Wood, made significant trades on Tuesday, acquiring shares of Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) across multiple ETFs.  
- The ARK Innovation ETF purchased 27,099 shares, while the ARK Next Generation Internet ETF acquired 16,172 shares, totaling $8.4 million in trades.  
- TSMC's collaborations with Qualcomm and other manufacturers underscore its critical role in the semiconductor industry, enhancing its market position.

Benzinga

Taiwan Semiconductor

Cathie Wood Just Spent $8.4 Million On This Top Chip Stock (And It's Not NVIDIA)