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PIEQ volume surges 44× as TSMC-fueled AI rally builds

PIEQ volume surges 44× as TSMC-fueled AI rally builds

Principal International Equity ETF (PIEQ) has seen unusual trading volume, which is 44× higher than its average daily volume.

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The fund’s largest holding, Taiwan Semiconductor Manufacturing Company Limited, has been in focus after its shares jumped 8.44% over the past week on bullish analyst calls and strong signals of continued AI and high‑performance computing demand. Aletheia Capital raised its price target on TSMC and highlighted the company’s aggressive capacity expansion plans and robust revenue growth outlook, while TSMC’s latest earnings showed sharply higher revenue and strong guidance that lifted sentiment across semiconductor and AI‑linked stocks. Other major holdings such as ASML, Suncor Energy, and AstraZeneca did not have notable company‑specific news in the last 24 hours based on the provided information.

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