NVIDIA (NASDAQ: NVDA) stock is recovering from a recent downturn caused by competition from China’s DeepSeek. The rebound is supported by significant capital expenditure commitments from tech giants like Amazon, Google, Microsoft, and Meta Platforms, focusing on AI infrastructure. Additionally, a French project led by FluidStack plans to build a nuclear-powered AI computing facility, potentially housing a substantial number of Nvidia chips. Nvidia’s key supplier, Taiwan Semiconductor Manufacturing (NYSE: TSM), reported a 36% year-over-year revenue increase for January, despite anticipating lower first-quarter revenue due to recent earthquake-related production disruptions. TSMC aims to double its advanced chip-packaging capacity by 2025, essential for Nvidia’s high-performance AI chips. Nvidia is set to report its earnings on February 26.
As of 8:06 a.m. EST on February 10, 2025, Nvidia’s stock was trading at $129.84, up 0.995% from the previous close. TSMC’s stock was at $206.12, down 2.09%.
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About Nvidia
Nvidia is a global leader in artificial intelligence computing. Its pioneering work in accelerated computing and AI is reshaping trillion-dollar industries such as transportation, healthcare, and manufacturing, and fueling the growth of many others. Nvidia’s innovations continue to advance the fields of AI and computing, driving progress across various sectors.
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