Honestly I think now is the worst time to invest in AI hardware.

That position is not without its own risks, though. Maybe Opus 4.8 will run on a single chip by 2028... and maybe you won't be allowed to touch it.

And what if Xi makes a play for Taiwan? That would be stupid, but so was invading Ukraine with tanks from Temu, and it still happened.

> so was invading Ukraine

the difference is that Putin's hand was forced by age, (possibly) illness, and the last several decades of how he chose to run his country. Putin's power base is a relatively small group of elites and oligarchs who would happily snuff out the man who pushes them out of windows if they get too uppity, if they were given the chance. He needed the cover of war to maintain the fiction of his type of strongman "only I can save us" leadership.

Xi's power base is the simple fact that his leadership has transformed China into the #2, and now because of Trump possibly soon the #1 world superpower. He has also acted aggressively in the last decade to find and remove corruption and prevent individuals from accumulating the kind of wealth and influence that could threaten his power from outside official Party channels. Of course, as I'm not Chinese myself, I have no clue what the internals of Party politics actually look like. But as an outside observer it seems clear that Xi et. al. do not actually need Taiwan for anything other than national pride. They know the US would go to the mat to protect it as TSMC is extremely vital to US military power. And since China cannot compete in that arena and has too much to lose, they instead have focused on weakening the US from within, quite successfully of late.

By the time China finally takes Taiwan it will be with little fanfare and little consequence - they won't touch it until the US either has lost its military capabilities, or the US has its own internal chip industry. Anything else is an existential risk for the coastal cities that are China's entire economic advantage.