A nickname given to me by my editor, James Baxter-Derrington, I fully embraced the role this week and donned my tartan cape to reveal that Scottish Mortgage had made its first big investment call of the year.
The £14bn trust added the Taiwan Semiconductor Manufacturing Company to its portfolio for the first time in a decade, as it seeks to invest in the "paradigm shift in AI". As the core supplier of the semiconductor chips for many of SMT's biggest holdings - Nvidia, Apple and Tesla to name a few - Ben James, portfolio director for the trust, told me "all roads lead back to TSMC's chips". Scottish Mortgage returns to TSMC for the first time in a decade After holding a small position between 2006 and 2014, SMT made a 1% allocation to the chip giant in April and heavily suggested this wi...
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