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I make investments frequently in my Shares and Shares ISA and SIPP, often each month. However with the FTSE 100 and S&P 500 now sitting at report highs, discovering shopping for alternatives has change into extra difficult (however not unattainable).
The flip aspect, nevertheless, is that a few of my current holdings have been quietly constructing wealth. Listed here are 5 shares in my portfolio which have just lately hit contemporary highs.
AI shares
Let’s begin with a few AI shares: Taiwan Semiconductor Manufacturing Firm (NYSE:TSM) and Nvidia. Shares of main chip foundry TSMC are up 31% for the reason that begin of September, ending yesterday (6 October) at an all-time report of $302.
This comes after ChatGPT maker OpenAI struck chip provide offers with Superior Micro Gadgets (AMD) and Nvidia to construct out large GPU infrastructure over the following few years.
All these chips want manufacturing someplace — and that’s the place TSMC is available in. Because the contract chipmaker behind Nvidia’s and AMD’s GPUs, these enormous new AI offers ought to translate into greater gross sales and earnings for the Taiwanese big.
As for Nvidia, it has additionally been buoyed by this ongoing AI spending spree. The inventory is up 10% prior to now month, taking the tech big’s market cap a contact above $4.5trn (sure, trillions).
Agentic commerce
Subsequent, we’ve got e-commerce enabler Shopify (NASDAQ:SHOP), whose share worth has surged 55% yr thus far to succeed in $164. Just lately, Shopify surpassed its earlier split-adjusted excessive of $167 set again in 2021.
Due to this fact, when somebody asks one thing like “show me designer trainers under £200”, ChatGPT can floor actual merchandise from Shopify-powered shops. “No links or redirects, just seamless commerce,” as Shopify places it.
This strikes us nearer to a future the place chatbots like ChatGPT additionally change into AI-driven procuring assistants. Sensibly, Shopify is positioning its thousands and thousands of retailers to be a part of that AI-agentic future.
However now buying and selling at 83 occasions ahead earnings, it is a very costly inventory. Had been the corporate’s progress to disappoint, because of tariffs or weak client spending, there could possibly be a whole lot of valuation danger shopping for in at at this time’s worth.
Two extra
The fourth inventory hitting a brand new peak in my portfolio is Uber. Now at $100, it’s up 66% up to now in 2025.
Why are traders bullish on Uber? One key purpose is that the corporate’s profitability continues to enhance quickly. Nevertheless it’s additionally signing dozens of latest partnerships, each in meals supply and the autonomous driving area.
Lastly, we’ve got HSBC, which is up 34% yr thus far. This places the financial institution inventory slightly below a report excessive, together with the FTSE 100 index.
Any worth left?
Do any of those surging shares nonetheless provide worth? Sure, I believe HSBC and TSMC do.
Buying and selling at simply 10 occasions ahead earnings and providing a near-5% dividend yield, I believe HSBC is value contemplating. However Asia stays the financial institution’s foremost progress engine, so any setback in US-China commerce talks might weigh on near-term progress.
In the meantime, TSMC is worthy of additional analysis, buying and selling at 25 occasions ahead earnings. That’s not outrageous for the world’s main chip producer, however the geopolitical danger related to ongoing China-Taiwan tensions.
