Nvidia Soars on AI Chip Demand, But Relies on TSMC Expansions to Maintain Dominance
• Nvidia's stock has surged due to high demand for its AI chips, but relies on foundry partner TSMC for manufacturing • TSMC rapidly expanding production capacity to help Nvidia meet AI chip demand • TSMC received $12 billion in grants and loans from U.S. to build more chip factories in Arizona • TSMC's advancing to 2nm chip production will maintain Nvidia's dominance in AI chips • TSMC stock trades at lower earnings multiples than tech stocks overall, presenting opportunity