The semiconductor industry has been the center of attention for investors looking to get into the United States technology sector. However, after a couple of years of nothing but upside, it seems that all of the good news had been priced into the stratospheric rallies seen in names like NVIDIA Co.

Taiwan Semiconductor Manufacturing (NYSE: TSM) boasts Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) as two of its customers. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.

Taiwan Semiconductor's reliance on key US customers and geopolitical tensions pose risks. Read why AI growth and capex investments may help support long-term prospects.