🐢 **Dataroma: TSM Insider-Buying Cluster Persists as AI Capex Debate Sharpens**

• Insiders across Superinvestor-held firms bought **TSM** shares **83 times** over the past three months — the most of any tracked stock — with purchases continuing through late July near $74–75.
• The steady accumulation aligns with _BlackRock's_ and PIMCO's view that the AI buildout needs scarce chips, power and data centers, but sits against Schroders' warning on froth and concentration in AI-related names.

**💡 Why it matters:** Persistent insider buying in a core AI supply-chain name amid diverging institutional views on AI-driven market concentration may reflect confidence in structural chip demand even as valuation risk is debated elsewhere in the sector.

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