Nvidia shares rise as blowout revenue forecast cements AI lead
Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, said in April it expects to more than double its advanced packaging capacity this year.
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Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, said in April it expects to more than double its advanced packaging capacity this year.
Wall Street analysts are turning more bullish on Nvidia following another strong guide from the chipmaking behemoth.
Midday movers: Nvidia, Dell rise; Live Nation, Boeing fall
Advanced Chip Packaging: The funds will develop technology for advanced packaging, marking the first commercial facility to support the semiconductor supply chain with a new advanced material.
Several semiconductor stocks including Micron Technology Inc (NASDAQ:MU), Broadcom Inc (NASDAQ:AVGO) and Lam Research Corp (NASDAQ:LRCX) are trading higher Thursday in sympathy with NVIDIA Corp (NASDAQ:NVDA), which jumped after reporting earnings for the first quarter.