Jensen Huang Inquires Whether CC Wei Is 'Still Covering Dinner' During Talks on High-Stakes AI Chips for China Between Nvidia and TSMC CEOs
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: Aug 26 20250mins
CEO Dinner Talks: Nvidia CEO Jensen Huang visited Taiwan for discussions with TSMC CEO CC Wei, marked by lighthearted banter over dinner regarding who would pay the bill.
New AI Chip Development: Huang's trip was primarily to discuss TSMC's role in manufacturing Nvidia's new AI chip, the B30A, aimed at the Chinese market amid slowed purchases of existing chips.
Nvidia-TSMC Partnership: The partnership is crucial for Nvidia's success as TSMC produces over 90% of the world's advanced semiconductors, with Huang expressing confidence in TSMC's stock value.
Positive Earnings Outlook: Analysts are optimistic about Nvidia's upcoming earnings report on August 27, citing strong demand for its GPUs and increased spending in hyperscale and infrastructure projects.
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Analyst Views on TSM
Wall Street analysts forecast TSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 348.25 USD with a low forecast of 290.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 304.850
Low
290.00
Averages
348.25
High
400.00
Current: 304.850
Low
290.00
Averages
348.25
High
400.00
Nomura
Neutral -> Buy
upgrade
$150 -> $260
2025-10-30
Reason
Nomura
Price Target
$150 -> $260
2025-10-30
upgrade
Neutral -> Buy
Reason
As previously reported, Nomura upgraded ASE Technology (ASX) to Buy from Neutral with a price target of NT$260, up from NT$150. TSMC's (TSM) "prudent approach" to Chip on Wafer, or CoW, capacity expansion has driven most AI chip customers to look for second CoW suppliers, benefiting ASE, the analyst tells investors.
Barclays
Simon Coles
Overweight
maintain
$330 -> $355
2025-10-17
Reason
Barclays
Simon Coles
Price Target
$330 -> $355
2025-10-17
maintain
Overweight
Reason
Barclays analyst Simon Coles raised the firm's price target on TSMC to $355 from $330 and keeps an Overweight rating on the shares. The company reported strong Q3 results and offer "early hints that 2026 is heading for another strong year," the analyst tells investors in a research note. The firm believes TSMC's artificial intelligence demand is strengthening better than previously expected.
Citi
Buy
upgrade
2025-10-17
Reason
Citi
Price Target
2025-10-17
upgrade
Buy
Reason
Citi raised the firm's price target on TSMC to NT$1,800 from NT$1,600 and keeps a Buy rating on the shares. The firm views the company's Q3 report as "upbeat" with solid demand in artificial intelligence and advanced node.
Needham
Buy
maintain
$270 -> $360
2025-10-16
Reason
Needham
Price Target
$270 -> $360
2025-10-16
maintain
Buy
Reason
Needham raised the firm's price target on TSMC to $360 from $270 and keeps a Buy rating on the shares. The company reported strong Q3 revenue that came in above the high end of the guidance range and also delivered strong gross margins at 59.5% despite the fear of FX-driven erosion a quarter ago, the analyst tells investors in a research note. The AI outlook is incrementally stronger, even if China AI market remains closed, while TSMC's Arizona build out is accelerating, the firm added.
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About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based company mainly engaged in the provision of integrated circuit manufacturing services. The integrated circuit manufacturing services include process technology, special process technology, design ecosystem support, mask technology, 3DFabricTM advanced packaging and silicon stacking technology services. The Company has completed the transfer and mass production of 5nm technology, and is engaged in the research and development of 3nm process technology and 2nm process technology. The product application range covers the entire electronic application industry, including personal computers and peripheral products, information application products, wired and wireless communication system products, servers and data centers.
About the author
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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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