Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) sits at the center of the artificial intelligence supply chain, according to Futurum Equities chief market strategist Shay Boloor. In a post on X on Wednesday, Boloor argued that TSMC offers one of the clearest ways for investors to gain exposure to the AI boom, pointing to companies including Nvidia Corp, Advanced Micro Devices, Inc., Apple Inc., Broadcom, Inc. and Qualcomm Inc. as depending on TSMC’s leading-edge manufacturing capabilities. Boloor wrote that “the real bottleneck is who has access to scarce wafer starts,” adding that TSMC remains the “physical chokepoint” behind nearly every major AI chip. He noted that while the company’s advanced N3 production is reportedly expanding to around 220,000 wafers per month, a true “second source” with comparable capabilities still does not exist. In an accompanying video, Boloor described TSMC as “the AI factory” or manufacturing layer of the AI economy, concluding that “every token ultimately pays an invisible royalty to TSMC.” A key near-term catalyst for TSMC is its earnings report, scheduled for July 16. Wall Street expects the chipmaker to report earnings of $3.77 per share, up from $2.47 a year ago, while revenue is projected to increase to $39.76 billion from $30.07 billion. TSMC shares closed 1.02% higher at