$TSM is definitely in a position to ride the positive Semi train if $NVDA smashes it this week.
Holding now, exactly like $AMD is at its Wave 2 level and we can see that $TSM is holding at its 200 Day MA too.
So I think the market is waiting to see the results of $NVDAs report and if it is strong and guidance is improved again, then this will likely follow $NVDA higher.
$AMD and $TSM are both in strong positions, so choose as you see fit.