Legendary investor Stanley Druckenmiller sold 47,805 shares of Taiwan Semiconductor Manufacturing in the first quarter of 2026, but the stake remained worth $167 million at quarter-end, making it the third-largest holding in the Duquesne Family Office portfolio. TSMC is the primary chip supplier for Nvidia and Advanced Micro Devices. TSMC posted revenue climbing nearly 34% year over year and rose 12% from the first quarter, with high-performance computing accounting for 66% of total revenue. Third-quarter revenue is projected at about $45 billion, implying another 12% sequential gain, and full-year revenue is expected to grow more than 40% in U.S. dollars. Nvidia reported 85% year-over-year revenue growth in its fiscal first quarter and expects cumulative Blackwell- and Rubin-related revenue of $1 trillion from 2025 through 2027. AMD expects the AI accelerator market to reach $1.4 trillion by 2030, while the server CPU market tops $200 billion. Druckenmiller said in a recent Morgan Stanley interview, "What would be exciting about developing a hedge fund portfolio right now is the one thing I'm sure of -- there's massive disruption and massive change ahead." TSMC CFO Wendell Huang stated the company is "well-positioned to capture the multi-year structural demand from the industry megatrends of 5G, AI, and HPC." Druckenmiller also holds positions in Intel,