What stocks are you buying or dumping when China makes a move on Taiwan?

Feels like the whole AI/semi trade has a hidden geopolitical time bomb attached to it. TSMC basically powers the modern tech world, so an invasion/blockade would hit way beyond just Taiwan. + 1/5 of all global maritime trade passes through the Taiwan Strait.

The dip from the Iran war would look insignificant compared to what a real Taiwan scenario could trigger globally.

My first thoughts:

Sell/avoid: $TSM, maybe even parts of the AI supply chain short term ($NVDA, $AMD, $AAPL)

Potential winners: ?

Curious what you guys would rotate into in that scenario.

Are people overestimating the risk… or massively underpricing it?