Tiger Global Management has centered its core portfolio on five AI infrastructure stocks, with TSMC ranked as its top holding, according to analysis by Joel South of 24/7 Wall St. The hedge fund, run by American billionaire Chase Coleman, believes all GPU chip capital spending ultimately flows to TSMC, which manufactures chips for Nvidia, Amazon, Alphabet, and Meta. Other core holdings include Nvidia, Amazon, Meta, and Alphabet. Market research firm IDC reported global AI infrastructure spending reached $89.7 billion in Q1 2026, up 33.1% year-over-year, and revised its full-year 2026 forecast upward to $497 billion, representing approximately 56% annual growth. Based on TSMC's Q2 earnings released July 16, earnings per share came in at $4.31, beating market expectations of $3.89, with revenue reaching $40.2 billion, up 36% year-over-year. Advanced process nodes of 7-nanometer and below contribute 77% of wafer revenue, with the 2-nanometer process accounting for 3% of wafer revenue. TSMC management raised its full-year revenue growth guidance to slightly above 40%, up from roughly 30% in January. TSMC's ADR price has risen 26.31% year-to-date, and 24/7 Wall St maintains a "Buy" rating with an ADR price target of $489.17. Wall Street