Nvidia Corp. (NASDAQ:NVDA) is trading higher on Thursday, reflecting the unstoppable frenzy of artificial intelligence.
Nvidia, with Apple Inc (NASDAQ:AAPL), Qualcomm Inc. (NASDAQ:QCOM), And Advanced Micro Devices, Inc. (NASDAQ:AMD), has almost completely reserved the TSMC 3nm chip production process until 2026.
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is looking to convert some 5nm equipment to increase its 3nm production capacity, TechNode reports.
This could potentially increase production of 3nm wafers to between 120,000 and 180,000 units per month.
In the meantime, the American government seeks to add Russia to its semiconductor embargo list after China and the Middle East. The Biden administration has highlighted Russia’s thriving trade relations with China.
Nvidia stock has gained more than 205% over the past 12 months. Investors can gain exposure to the stock via Vanguard Total Stock Market ETF (NYSE:VTI) And Vanguard Growth ETF (NYSE:VUG).
Price action: Shares of NVDA were trading up 3.32% at $129.36 premarket at last check Thursday.
Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors.
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