What's Going On With Taiwan Semiconductor Stock On Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2024
0mins
Should l Buy NVDA?
Source: Benzinga
Leadership Change at TSMC: Rose Castanares has been promoted to president of Taiwan Semiconductor Manufacturing Co, taking over from Brian Harrison on October 1, as the company continues to expand its operations in Arizona with significant investments and new chip deals.
Stock Performance and Market Impact: TSMC's stock rose by 3.88% following a U.S. Federal Reserve interest rate cut, and the company has seen a 90% increase in stock value over the past year, bolstered by its role as a key supplier for major tech companies like Nvidia and Apple.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 178.560
Low
200.00
Averages
264.97
High
352.00
Current: 178.560
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Business Model Transformation: As the data center infrastructure investment super cycle wanes, Nvidia's deep integration of software and hardware reduces reliance on one-time hardware sales, shifting towards a more stable recurring revenue model that supports future capital return initiatives.
- Attracting Long-Term Investors: Should Nvidia begin regularly increasing its dividend, it could attract investors who value passive income, enhancing the stock's appeal, particularly in competition with other tech giants like Apple and Microsoft, thereby solidifying its market position.
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- Market Access Breakthrough: On March 17, Nvidia secured Chinese approval to sell its second most powerful H200 chip, paving the way for the company to resume sales and indicating a potential easing of US-China tensions in the AI sector.
- Production Capacity Boost: CEO Jensen Huang announced that Nvidia is ramping up production of the H200 chips to meet strong demand from China, highlighting the company's strategic focus on this critical market amid global AI competition.
- Revenue Dependency: Prior to the ban, China accounted for nearly a quarter of Nvidia's total revenues, making this approval a significant milestone for the company's long-term prosperity and underscoring China's vital role in its business strategy.
- Technological Leadership: Nvidia designs and sells high-performance GPUs and AI software, serving as a primary infrastructure provider for modern AI, data centers, and gaming, with its chips playing crucial roles in generative AI, autonomous vehicles, and professional visualization, further solidifying its market leadership.
See More
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- Strong Revenue Growth: AMD achieved a 34% revenue growth in 2025, with data center revenue soaring 39% year-over-year, indicating robust performance in a high-margin market and potential for increased market share.
- Clear Market Goals: AMD has set a target of $100 billion in annual data center revenue by 2030, with CEO Lisa Su projecting the data center chip market to reach $1 trillion, reflecting the company's confidence in future growth.
- Product Launch Support: AMD is set to release the Helios rack-scale platform and the Instinct MI450 chip series, which are expected to drive over 70% growth in data center revenue in 2026, further solidifying its position in the AI chip market.
- Long-Term Growth Potential: If AMD can maintain a 35% revenue growth rate over the next seven years, it could achieve approximately $283 billion in annual revenue by 2033, and with a reasonable valuation, its market cap could reach $2.3 trillion, showcasing significant market potential.
See More
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Focus on Flexible AI Factories: The collaboration aims to develop flexible AI factories that can serve as grid assets, optimizing energy usage and efficiency.
See More
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- Earnings Outlook Upgraded: Analysts have nearly unanimously raised Nvidia's earnings outlook over the past 60 days, reflecting strong market confidence in its future growth, particularly with AI chip sales projected to reach $1 trillion by 2027, showcasing the company's robust competitive edge in the AI sector.
- Attractive Valuation: Nvidia's current P/E ratio stands at 23.7x, near its lowest level in a decade and significantly below the 10-year average of 45.3x, indicating that investors are purchasing the company at market-like multiples while its earnings growth is over three times that of the broader index, highlighting the stock's appeal.
- Strong Market Demand: With leading cloud providers like Alphabet, Microsoft, and Amazon accelerating growth, the demand for Nvidia's AI infrastructure continues to exceed supply, particularly as its data center capabilities are being oversubscribed, further solidifying its market position.
- Investor Confidence Boosted: Despite the stock's stagnation over recent months, Nvidia's strong fundamentals and upward earnings revisions, combined with robust market demand, create a favorable risk-reward setup for medium- to long-term investors.
See More
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Escalating U.S.-Iran Tensions: Rising geopolitical tensions between the U.S. and Iran have led to increased market volatility, with the S&P 500 dropping below its 200-day moving average for the first time since May, raising concerns of a deeper market pullback.
Market Reactions: Bitcoin has fallen below $69,000, reaching its lowest level since early March, while gold has also seen a decline. U.S. stock futures are under pressure amid these escalating tensions, with traders exhibiting caution.
Oil Prices and Stocks: Brent crude oil prices have risen above $113 per barrel, with certain oil stocks experiencing significant gains. Meanwhile, Tesla and Nvidia are under scrutiny due to recent developments affecting their business prospects.
Upcoming Economic Indicators: Investors are closely monitoring upcoming construction spending data and quarterly earnings reports from various companies, which could provide further insights into market trends and economic health.
See More
