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Nvidia and TSMC Market Update
Nvidia (NASDAQ: NVDA) has reported a substantial 62% year-over-year revenue growth, bringing its quarterly total to $57 billion, driven by skyrocketing demand for GPUs amid the AI boom. The company’s stock has increased more than 900% over the past three years. Its major customers, notably Microsoft, Meta Platforms, Amazon, and Alphabet, accounted for 61% of sales, posing a risk as they explore custom AI chips, potentially reducing reliance on Nvidia.
In parallel, Taiwan Semiconductor Manufacturing (NYSE: TSM) has also seen robust growth, with a 40.8% increase in revenue last quarter, resulting in a gross margin of 59.5%. TSMC holds over 70% market share in advanced chip manufacturing, aided by significant sales to Nvidia and a diversified geographical footprint, including new facilities in Arizona. Despite potential geopolitical risks, TSMC’s stock trades at roughly 23 times projected 2026 earnings, as it works to maintain its technological edge in semiconductor manufacturing.
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