The entire AGI bet rests on a single island - and the market doesn't seem to care

The thread raises a significant concern about the concentration of advanced semiconductor manufacturing in Taiwan (TSMC) and the systemic risk this poses to the entire AI industry, particularly in the event of geopolitical conflict. The original poster and many commenters highlight that the massive CAPEX committed by hyperscalers assumes a stable supply chain, which is vulnerable. While some commenters suggest the market may be pricing this in or that domestic fab investments will mitigate the risk, the consensus acknowledges the substantial, underappreciated risk. The disclosure of long positions in TSM and NVDA by the OP adds a layer of personal interest, but the core argument is a systemic risk analysis.