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