259 investment ideas from 105 funds across 101 stocks. Every thesis and quote on this page comes from a fund manager's own investor letter, not a 13F filing, so you can see the reasoning, risks and conviction behind each Semiconductors & Hardware position.
LongTSM
Baron views TSMC as the world's leading semiconductor foundry with a near monopoly in manufacturing the most advanced chips. Robust AI demand is supporting demand for advanced nodes even while the broader foundry market
LongTXN
Baron sees Texas Instruments as the leading analog and embedded semiconductor company despite the current cyclical downturn. The company is seeing early signs of improvement in markets where inventory corrections began e
LongAVGO
Baron believes Broadcom's semiconductor portfolio is reaching an inflection point as AI drives demand for networking and custom compute. The company is the market leader in networking and is positioned to benefit as hype
LongTSMSep 2026
Third Point identifies TSMC as a major beneficiary of continued AI infrastructure spending because it fabricates advanced chips for customers such as Nvidia. Large technology companies have shown no sign of slowing capit
Long000660.KSSep 2026
Third Point identifies SK Hynix as one of the portfolio's major beneficiaries of continued AI infrastructure spending. The company supplies memory chips used in AI workflows, while large technology companies have shown n
LongANETSep 2026
Arista is one of the fund's preferred ways to gain exposure to the buildout of AI infrastructure. AI systems require high-performance networking to move large amounts of data between chips, servers and data centers, givi
LongNVDASep 2026
Nvidia is presented as the leader in the global buildout of artificial intelligence infrastructure, supplying the advanced computing hardware required for demanding AI applications. The fund says fundamentals remain very
LongMYCR
The fund initiated a new position in Mycronic after analysing the business and meeting management. It sees an attractive combination of quality and underappreciated growth, supported by high sustainable returns and recur
LongTXN
Texas Instruments reported revenue above the top end of guidance and around 4% ahead of consensus, with year-over-year growth of 23%. Profitability improved as stronger volumes and factory utilisation lifted gross margin
LongNVDA
Nvidia is the dominant supplier of AI compute, with its GPUs, CUDA software, networking products and AI services creating network effects and high switching costs. August results beat expectations across revenue, earning
LongGLW
Corning is the fund's largest equity holding and has benefited from tightening supply and strong demand associated with AI infrastructure. Auxier highlights bottlenecks in optical products as a source of earnings strengt
LongDSCV
discoverIE designs and manufactures customized electronic components for industrial customers, with exposure to structural growth markets including automation, security, renewable energy, medical technology and transport
“TSMC's undisputed market dominance and stellar reputation, combined with rapidly growing global demand for advanced chips, position the company for years of continued growth.”
“Longer term, key industrial and automotive end markets should continue to expand.”
“A combination of a strong competitive positioning, AI-related growth, accretion from the VMWare acquisition, and reasonable valuation sets up a favorable outlook for Broadcom.”
“SK Hynix, which supplies memory chips for AI workflows, and TSMC, which fabricates chips for the likes of Nvidia, have been among the top winners.”
“SK Hynix, which supplies memory chips for AI workflows, and TSMC, which fabricates chips for the likes of Nvidia, have been among the top winners.”
“Arista Networks has become one of our preferred ways to gain exposure to the continued buildout of artificial intelligence infrastructure.”