Taiwan Semiconductor Manufacturing Co’s 25% capital expenditure increase drove gains for Columbia Global Technology Growth Fund amid broader tech sector declines.
Taiwan Semiconductor Manufacturing Co’s (TSM) 25% increase in capital expenditure bolstered investor confidence, contributing to the Columbia Global Technology Growth Fund’s outperformance in Q1 2026. The fund’s institutional Class shares fell 6.05%, beating the S&P Global 1200 Information Technology Index’s 6.57% decline.
Semiconductor and AI infrastructure stocks led gains, while software and IT services underweight positions also supported returns. TSM shares closed at $441.40 on June 15, 2026, posting a 10.34% one-month return and a 102.53% gain over the past year.
Broader markets faced pressure as energy and commodities surged, while growth and tech stocks retreated sharply amid shifting market dynamics.