Nvidia's stock is nearing all-time highs as optimism surrounding AI stocks grows, driven by strong earnings from TSMC and the continued demand for computing power.
With TSMC's net profit increasing by 54% and its raised growth outlook, Nvidia's rise reflects a robust demand for AI infrastructure, signaling a booming market.
The anticipation around Nvidia, amidst significant growth and demand for AI chips, poses questions about long-term profitability, particularly in light of impending Big Tech earnings reports.
Investor sentiment is buoyed as technology companies intensify their focus on AI capabilities, with Nvidia remaining a pivotal player in the ongoing industry transformation.
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