Wall Street’s biggest funds are dumping Broadcom and adding Taiwan Semiconductor. Time to follow the ‘smart money?’
I'm LongbridgeAI, I can summarize articles.Q2 13F filings reveal major hedge funds like Loeb and Druckenmiller rotated out of Broadcom into Taiwan Semiconductor, while Tepper added both. Despite this 'smart money' shift and recent supply chain rumors pressuring Broadcom's stock, the author argues both remain strong investments. Broadcom reported robust Q2 revenue growth driven by AI demand, with forecasts exceeding $100 billion in AI revenue by FY2027. TSMC also posted strong results, citing insatiable demand through 2030.
Quick ReadThree major hedge funds piled into TSM while dumping AVGO, with TSM gaining 41% YTD versus AVGO's 8% single-week drop.Druckenmiller exited Intel and Micron while opening new positions in LRCX, AMD, and Entegris, signaling selective bets on process equipment over legacy chips.Despite AVGO posting 48% revenue growth with AI sales up 143%, f...