Taiwan Semi or Broadcom: If I Could Only Own 1 for the Next 5 Years, It Would Be This

The article compares Taiwan Semiconductor Manufacturing (TSMC) and Broadcom as AI infrastructure plays. While both stocks have tripled in three years, the author favors TSMC because it manufactures chips for multiple competing designers (Nvidia, AMD, Apple, Broadcom) and doesn't depend on any single winner. TSMC's decades of manufacturing expertise and ability to produce advanced chips at scale provide a more defensible competitive advantage than Broadcom's custom chip design business, which faces competition and customer concentration risks.