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Semiconductor Sector Broadens as Investors Rotate Beyond Taiwan Leader

Taiwan Semiconductor Manufacturing Co. is losing its dominant position as the primary artificial intelligence play, as investor appetite for chip exposure spreads across the sector. The shift reflects a maturing rally that has moved beyond concentrated bets on single suppliers to embrace multiple winners in the technology space. Nvidia Corp.'s upcoming earnings report will test whether momentum in semiconductor stocks can persist or whether recent gains have run their course. Meanwhile, broader corporate earnings growth is accelerating beyond technology, with the S&P 500 on track for its strongest earnings expansion since 2021. The diversification signals investor confidence in sustained artificial intelligence adoption across industries.