Nvidia poised for growth as TSMC reports strong demand for AI chips
Nvidia, a leading AI chipmaker, is expected to benefit from strong performance by its supplier, Taiwan Semiconductor Manufacturing Company (TSMC). TSMC will report its third-quarter financial results on October 17, with indications of robust demand for AI chips. TSMC's revenue for the last quarter is projected to exceed analysts' expectations, suggesting continued strong demand for AI technology. Nvidia's CEO has also highlighted high demand for the company's next-generation Blackwell chips, which could further boost its performance. Nvidia's stock has reached a record high, with significant gains over the past year. Analysts predict continued growth, making Nvidia a key player in the expanding AI market, regardless of the timing of stock purchases.