NYSEARCA:AGQI - NYSE Arca - US33740F3837 - ETF - Currency: USD
The popular arbitrage trade involving Taiwan Semiconductor Manufacturing Co is causing unexpected pain as the U.S. stock premium over its Taiwanese counterpart reaches a 15-year high.
Apple, Qualcomm, Nvidia, and AMD have fully booked TSMC's 3nm chip production until 2026 due to high demand for AI technology, prompting TSMC to expand production and global presence.