Taiwan Semiconductor Manufacturing (TSM) Stock: Druckenmiller Sells Sandisk and Buys TSMC

TLDR

• Duquesne Family Office, run by Stanley Druckenmiller, sold Sandisk (SNDK) and bought Taiwan Semiconductor (TSM) in Q2 2026.
• Sandisk surged nearly 900% to its peak before June, then sold off sharply, though it remains up over 500% year-to-date.
• TSM has a Wall Street average price target of $555, implying around 33% upside over the next year.
• Sandisk’s average price target of $2,126 implies 41% upside, but analysts see higher risk due to the cyclical memory chip market.
• TSM is producing three new chips for Xiaomi using its 3nm and 6nm processes, expanding its role in Xiaomi’s semiconductor strategy.

Stanley Druckenmiller’s Duquesne Family Office made a notable portfolio shift in Q2 2026, selling Sandisk (SNDK) and buying Taiwan Semiconductor Manufacturing (TSM). The move drew attention given Sandisk’s status as the top-performing stock in the S&P 500 this year.

Taiwan Semiconductor Manufacturing Company Limited, TSM

TSM currently trades around $420, up nearly 40% year-to-date. Sandisk, which peaked at over $2,300 earlier this year after a nearly 900% run, has since pulled back but still trades around $1,499, up more than 500% in 2026.

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