One analyst believes Nvidia holds a 95% market share in chips for artificial intelligence training and inference.
Major technology companies are expected to ramp up their spending in 2025 as they continue to build out AI infrastructure.
The AI chip maker is benefiting from the marketwide upturn following the U.S. presidential election. TSMC's monthly sales report could be a further support.
Its upcoming financial report could carry its stock to new heights.
Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.
Stocks like NVDA, TSM and SMTC are poised to benefit from the soaring demand for semiconductors.
Nvidia (NVDA) could produce exceptional returns because of its solid growth attributes.
Shares of Nvidia Corporation NVDA settled higher on Wednesday after Donald Trump won the election to become the 47th U.S. president.
These recent developments indicate that Nvidia's rapid growth is here to stay.
Nvidia (NASDAQ:NVDA) stock never seems to go too long without experiencing a sustained rally higher.
Nvidia's (NASDAQ: NVDA) growth in the last 24 months ensured that the stock has been a definitive buy in late 2022 and late 2023, as it would have enabled investors to benefit from subsequent rallies fully.
Nvidia is still the best stock in the semiconductor sector, according to Mizuho analysts. Worries over tariffs and Taiwan shouldn't change that.