"Nvidia now accounts for roughly 22% of Taiwan Semiconductor's revenue, overtaking Apple as its largest customer. When the world's biggest chip foundry signals capacity constraints on 3-nanometer and 2-nanometer processes tied to AI accelerators, the market reacts in kind."
"Full-year revenue hit $215.9 billion, up 65% from the prior year, with Data Center revenue alone reaching $193.7 billion, a 68% gain. Those figures dwarf anything from peers."
Nvidia's stock has experienced an impressive 14% increase over eight consecutive sessions, marking its longest winning streak since November 2023. This surge is attributed to record first-quarter revenue reported by Taiwan Semiconductor, which highlighted strong demand for advanced AI chips. Nvidia has become Taiwan Semiconductor's largest customer, surpassing Apple. The company's fiscal 2026 results showed a 65% revenue increase, with Data Center revenue rising 68%. Despite a premium valuation, Nvidia's growth remains unmatched compared to competitors like Advanced Micro Devices.
Read at 24/7 Wall St.
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