TSMC Earnings Buzz Sends PIEQ ETF Volume Soaring

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

The ETF’s largest holding, Taiwan Semiconductor Manufacturing Company Limited, is in focus ahead of its upcoming first-quarter 2026 earnings report, with the chipmaker having already posted roughly 35% year-over-year revenue growth that topped expectations. Markets are now watching whether margins and profitability will match the strong sales, as TSMC boosts capital spending to support surging demand for advanced AI and high-performance computing chips and benefits from upbeat analyst targets and ratings. Other major holdings such as ASML, Suncor Energy, Haleon, and Teck Resources had no notable company-specific news in the past day based on the available information.