Nvidia stock could surge after surprising Taiwan Semi news
Here’s what a veteran fund manager is saying about Nvidia.
Nvidia (NVDA) stock may be poised for another rally after a bullish revenue surprise from one of its key partners in the AI supply chain.
On June 10, Taiwan Semiconductor (TSM) , the world’s largest chip foundry and a critical manufacturer for Nvidia, reported May revenue of NT$320.52 billion (about $10.70 billion), up 39.6% from a year earlier but down 8% from April’s figure.
Despite the sequential dip, May still marked TSMC’s second-highest monthly revenue on record, behind only April 2025, which likely benefited from accelerated orders ahead of potential tariffs from President Trump’s administration.
