Nvidia and AMD: AI Updates from Taiwan Semiconductor’s (NASDAQ:NVDA) Q2 Earnings

Artificial intelligence concept CPU quantum computing

MF3d Taiwan Semiconductor Manufacturing Company Limited (TSM) (“TSMC”) reported yesterday (July 20, 2023) its second quarter 2023 earnings. TSMC’s revenue reduction guidance for the year sent to Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (Nasdaq:AMD) the shares collapse. However, TSMC’s commentary on the future of artificial intelligence (“AI”) chips has not received the same … Read more

Nvidia Stock (NASDAQ:NVDA): A Huge AI Winner, But Rivals Do Exist – TipRanks.com

Nvidia Stock (NASDAQ:NVDA): A Huge AI Winner, But Rivals Do Exist - TipRanks.com

Nvidia (NADSAQ:NVDA) continues to climb, with the $1.13 trillion graphics processing unit (GPU) titan adding another 6% to its valuation this week. Undoubtedly, shares of the massive AI winner are still hot, looking for even higher highs. Still, the stock’s valuation is getting harder to justify with each sizable upside move, and I think investors … Read more