You don't know if Nvidia wins or Broadcom wins or AMD wins.

Neither do I.
But I know who builds the chips for all of them. TSM. Taiwan Semiconductor.
They fabricate roughly 90% of all AI data center chips.
EPS growing 51% year over year.
Revenue growing 36% year over year.
Trading at 32x trailing earnings.
Think of it like an ETF of AI chip production.
Every designer sends them the blueprints.
TSM builds it. That is the moat.
The play:
- Buy some shares
- Sell $300 puts 2 years out
- Buy $350 calls 2 years out
- Breakeven on the put is mid-to-upper $200s
Would I buy TSM in the mid $200s with EPS at this growth rate?
Absolutely.