TSM Stock Is Gaining Today, And There’s An Nvidia Angle To It
Synopsis
TSM is currently developing six new products for Nvidia, including advanced CPUs (central processing units) and GPUs (graphics processing units), foundational technologies supporting AI applications
Taiwan Semiconductor Manufacturing Co. (TSM) gained investor attention on Tuesday due to momentum surrounding artificial intelligence infrastructure, following Nvidia’s $100 billion investment in OpenAI. TSM shares traded higher by over 3% at the time of writing.
On Monday, Nvidia said the investment will supply and finance at least 10 gigawatts of advanced computing systems for OpenAI’s next-generation models.
Nvidia is a client of TSM, which is a chip manufacturing contractor. TSM is currently developing six new products for Nvidia, including advanced CPUs (central processing units) and GPUs (graphics processing units), foundational technologies supporting AI applications.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.