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After studying a range of AI chip solutions including GPUs, TPUs, and LPUs, you'll find that only two companies truly possess significant technological leadership and monopolistic advantages, representing core bottlenecks that are difficult to bypass in various solutions: TSMC ASML. One is too risky to buy too much of, and the other's valuation is ridiculously high. As for the others, they all have the heart of cyclical stocks beneath their tech stock exterior.

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