Taiwan Semiconductor: Good News for Nvidia Shareholders; Bad News for Everyone Else

Nvidia (NASDAQ: NVDA) has been the poster child for the artificial-intelligence (AI) revolution, with the stock up 212% this year, following blowout guidance in late May.

Since then, a lot of other semiconductor stocks have rallied as well. But with the magnitude of the AI boost still uncertain, investors seemed disheartened when Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest chip foundry, threw cold water on semiconductor demand during its recent earnings report.

That is except, of course, demand for Nvidia GPUs.

Source Fool.com