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Nvidia Stock Jumps Again. What TSMC Has to Do With It.

Oct 09, 2025 08:32:00 -0400 by Elsa Ohlen | #Chips

Jensen Huang, co-founder and CEO said Wednesday that demand for AI is growing exponentially. (I-HWA CHENG/AFP via Getty Images)

Key Points

Nvidia stock surged past its previous record high on Thursday, boosted by optimism around the artificial-intelligence trade and promising numbers from its chip manufacturer Taiwan Semiconductor.

In midmorning trading, shares up 2.6% to $194.02. The stock set a record closing high of $189.11 on Wednesday after a 2.2% jump; its intraday high was $191.05 on Oct. 2, according to Dow Jones Market Data.

On Wednesday, CEO Jensen Huang said demand for AI is growing exponentially.

“Demand for Blackwell is really, really high,” he told CNBC. “I think we’re at the beginning of a new buildout, beginning of a new industrial revolution.”

Blackwell is Nvidia’s most advanced chip, used for generative AI and large language models.

Huang also confirmed his company’s is helping fund xAI, the AI start-up led by Elon Musk.

Also in the AI trade, Taiwan Semiconductor Manufacturing, or TSMC, said revenue rose 31% year over year in September to 331 billion New Taiwan dollars ($10.9 billion). Revenue for January through September was NT$2,763 billion, an increase of 36% compared with the same period in 2024.

“There is no real sign of a slowdown in AI-driven demand in the latest numbers from TSMC,” said Russ Mould, investment director at AJ Bell. “The chip manufacturing giant may have seen a slight easing in demand month-on-month but year-over-year the levels of growth are still impressive for a company of its size.”

TSMC’s American depositary receipts were off 1.1% after a 3.6% gain on Wednesday.

Write to Elsa Ohlen at elsa.ohlen@barrons.com