How TSMC's Report Sheds Light on Nvidia's Future
Tuesday, 23 April 2024, 08:55
TSMC's Positive Outlook for Nvidia
Despite industry caution, TSMC's focus on AI market growth is promising for Nvidia.
AI Market Prospects
Low to mid-20% revenue growth prediction in line with analysts' 21% boost.
AI processors set to drive revenue growth and become TSMC's largest contributor by 2028.
- 'Surge in AI-related demand' benefits TSMC and Nvidia.
- Prediction of AI processor market expanding at a 50% CAGR.
Nvidia's Stock Reaction
Short-sightedness and market environment drive Nvidia's stock dip.
Long-term investors see the dip as a buying opportunity given future growth prospects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.