Nvidia CEO Jensen Huang requested more wafers from TSMC as AI demand continues to surge. This move signals Nvidia’s confidence in sustained AI growth and the need to secure chip supply ahead of rivals. The company’s next-gen Rubin AI lineup is set to leverage TSMC’s cutting-edge manufacturing processes. Nvidia’s Q3 earnings report on November 19th is highly anticipated, with analysts forecasting strong revenue growth driven by AI hardware spending. Wall Street analysts remain bullish on NVDA stock, with a consensus “Strong Buy” rating and an average price target of $234.12, suggesting a 27% upside potential.

Read more at Barchart: Why Nvidia CEO Jensen Huang’s Meeting with Taiwan Semi Is a Big Deal for NVDA Stock