TSM
Taiwan Semiconductor Manufacturing Company Ltd.
stock NYSE ADR

You can get TSM at a discount by buying TWN. It's a closed end mutual fund that trades at a 10% discount to NAV and holds TSM and other Taiwan stocks

Hi, did my research last night on the market, and will be adding NVDIA and TSM to my portfolio, also holding those 3 for a long time. Gonna put $180 on VOO and $33 on NVDIA and TSM today. Will be holding for longterm to 5 to 10 yrs. Thoughts on this?

My top 10 core holdings from the last 5 years, and the ones I plan to keep holding for the next 5 years:
\#1 MSFT - safest long-term compounder
\#2 AMZN - AWS, ads, e-commerce, and logistics
\#3 GOOGL - Search, YouTube, Cloud, AI, and Waymo upside
\#4 NVDA - AI infrastructure leader, but very volatile
\#5 AVGO - AI/data center chips plus infrastructure software
\#6 TSM - backbone of advanced chip manufacturing
\#7 AMD - AI/data center upside, higher risk than NVDA
\#8 PLTR - AI/data platform, strong growth but expensive
\#9 CRWD - cybersecurity demand should keep growing
\#10 MELI - e-commerce and fintech leader in Latin America
PLTR and NU were more recent additions for me, around 3+ years ago. The rest have been longer-term core holdings. I also recently added NBIS and CRDO, but those are still small percentage positions because they are higher risk and more speculative.
Of course, QQQ is still my largest holding. That is the main anchor of my portfolio. Individual stocks are more like satellite positions around QQQ. Some may outperform big, but they can also drop 40-60% during a bad market, so position sizing matters.
For the next 5 years, I still want to own companies with strong moats, real revenue growth, major secular tailwinds, and the ability to keep compounding. I am not trying to trade in and out every few months. I would rather DCA, add on dips, and let the strongest companies compound over time.

& TSM, ASML, KLAC, etc etc

The real reason is that it’s cyclical just like MU and TSM. They have literally had the exact same cycle 5 times in the last 25 years….. supply shortage, to price squeeze, to expansion from heavy demand, to over supply + heavy demand drop off.
That’s why this time around MU made their buyers sign documents that will enforce their buy orders this time around. So that they can’t just back out once demand slides and they say ‘never mind’ like in previous memory cycles. Institutions know this demand slide is coming at some point because it physically has to. That’s why it’s priced the way it is

I think you're overstating the TAM. Nvidia has dominated because there were no alternatives. The Nvidia tax was too high and the value of custom chips have become too important. We can see how desperate the hyperscalers are to convert to XPUs. Google has demonstrated the importance of the XPU market with their TPU and Broadcom's business (Google and Meta) is set to explode in 2027. The other hyperscalers are still limited by TSM production (Microsoft and Amazon) but Marvell has still shown a big increase in XPU revenue in 2027 and it doubling in 2028. This timeline could accelerate if Intel provides a reasonable alternative to TSM.
Nvidia is still the king and will always have a place for frontier models. However, I think their bet on Marvell and the NV Fusion is a sign that they know the GPU gravy train won't last forever. Also, I don't think we can expect a massive capex increase in 2027 as balance sheets are getting weaker and just maintaining 2026 numbers might be difficult for everyone not named Google and Microsoft.
Nvidia's goal is to remain the leader and pivot into physical AI. If they can't do that, I think their TAM is a lot smaller than you think.

IDMO plus EEMO is honestly the cleanest way I know to get both halves without the overlap headache. IDMO owns the developed ex-US momentum sleeve and EEMO does the same job on the EM side, so together you finally get ASML coming through the developed book and TSM, Samsung and Hynix coming through the EM book. Exactly the gap a single fund kept leaving you with.
The catch is the thing you already put your finger on. Both track S&P momentum indices that only reconstitute twice a year, so the screen is structurally slow. A name can rip for months before the next rebalance lets it in, and it'll keep getting held well after it has rolled over. That semiannual cadence is why I think TSM or ASML can look obviously strong to you and still sit outside the fund for a stretch. So you won't get the quarterly or monthly responsiveness you described out of the S&P momentum line, at least not from those two.
Want faster turnover instead? The Alpha Architect momentum funds like IMOM run a much more concentrated screen and reconstitute more often, so they react quicker to a sector rotation. The tradeoff is they get top heavy and a lot more volatile... but I'd argue that's a lot closer to the wherever the market is moving behavior you're after.

Thank you and that's a pretty good explanation.
A mix of tech of financials are doing well internationally right now but it won't always be the case. It could shift to materials and energy or some other sector. I would like the etf to semi annually, quarterly, or monthly rebalance wherever the market is moving. It would significantly reduce tax and fee drag long term compared to anything I could do manually.
What do you think of IDMO and EEMO?
It covers developed and emerging markets but their momentum rules blocked strong performimg stocks like TSM, ASML, and many others even though they have had a good +6 months-3 years. I am hoping the etfs self correct but it will likely repeat.
IDMO, EEMO, IMTM, IMOM, EMEQ, EFG, FLJP, AVES, AVDV, AVDE, VXUS each have different strong performing top stocks.

ASML, TSM - MOAT goats in the AI hardware
AVGO, AMD, NVIDIA, GOOGLE, MSFT, META - Safe quality businesses with decent moats
UBER, TSLA, - AV growth
Energy infastructure
maybe some discounted quality software stocks
maybe RKLB ASTS for future space & telecom if the business model makes good sense
for defensive hedge healthcare sector, or gold miners etfs

Yeah I don't think a single fund cleanly nails that list. You're really asking for two things at once, developed ex-US plus EM tech, and most momentum or quality screens commit to one universe and drop the other. IDMO is about the cleanest developed-ex-US momentum sleeve out there, but like you already spotted it walls off EM, so Samsung, Hynix and TSM never make the cut. EMEQ swings the other way. Top heavy, almost a single SK Hynix bet right now, but it does get you the EM semis.
Honestly the combo people keep nudging you toward, IDMO plus a separate EM quality or value sleeve like AVES, is probably the realest answer. You just hold the seam between the two yourself instead of buying it pre-mixed.
One thing worth naming though. The list you wrote reads more like a global ex-US semis-and-financials basket than a momentum factor, so a pure momentum etf might keep disappointing you on the exact holdings overlap. Could be wrong but that's how I'd frame what you're actually chasing here...

I'm a SOXQ fan for the lower expense ratio. Like SOXX though, there's no TSM stock included.

INTC and TSM?

I have used SOXQ, SOXX, and CHPX over the years. If you are looking to overweight semiconductors, my preference is SOXQ. It is a straightforward index with a low expense ratio. Currently, I am in CHPX because it has a solid allocation to memory chips, TSM, and equipment and silicon suppliers.
I also am invested in AIS which while not a true semiconductor ETF is about 60% in that subsector.

It is often better to have a world of potential revenue, than an actual number. We know that the number isn't connected to reality, but you would be surprised how many don't, they see the fact that number go up means they are doing extremely well, when the truth is they are going all-in just to stay alive, buying all new high NA lithography machines when TSM has opted out. They are gambling that they can beat TSM because it's that or fold now, but essentially this is the blow that Lisa Su landed with Ryzen and this is how long it took to play out. TSM/AMD gambled on chiplets and Intel is sticking with full wafer.

They are a US fab, but TSM is immigrating.

Intel has less revenue now than when they cut their workforce and slashed the snack budget and was selling for $20, Nvidia tossed some money at them and the taxpayers did, but that didn't change fundamentals.

TL;DR Hopium, one hell of a drug

You're not kidding about the fire part. That is a lot of SK Square and SK Hynix which explains the massive performance.
I like seeing TSM and Samsung but it doesn't cover a whole much else. Definitely a very impressive emerging market fund albeit very top heavy in a few companies.

Why not just full port TSM?

Tech Stocks From Record Highs:
1. Coinbase, $COIN: -69%
2. Oracle, $ORCL: -57%
3. Salesforce, $CRM: -57%
4. ServiceNow, $NOW: -56%
5. Netflix, $NFLX: -48%
6. Palantir, $PLTR: -48%
7. Microsoft, $MSFT: -37%
8. Meta, $META: -32%
9. Arm Holdings, $ARM: -27%
10. Broadcom, $AVGO: -26%
11. Marvell Technology, $MRVL: -20%
12. Nvidia, $NVDA: -19%
13. Amazon, $AMZN: -19%
14. Alphabet, $GOOGL: -17%
15. CrowdStrike, $CRWD: -15%
16. Apple, $AAPL: -14%
17. Taiwan Semiconductor, $TSM: -12%
Calculated Friday morning, source: The Kobeissi Letter

Actually mag 7 has performed horrible as of last, it's been AI stocks. Earnings change the direction in a heartbeat. TSM reports early, if they do well, it will take off again.

The next boom will likely be imaging sensors or Robotics. Just invest in Pacific Asia. The USA doesn't manufacture anything. NVIDIA, etc send everything to TSM to fab. Just buy $VXUS, $VPL, $EWJ, or $EWY, etc.
[https://money.usnews.com/investing/news/articles/2026-05-08/sony-tsmc-plan-new-japan-joint-venture-for-next-generation-image-sensors](https://money.usnews.com/investing/news/articles/2026-05-08/sony-tsmc-plan-new-japan-joint-venture-for-next-generation-image-sensors)