TSMC Earnings Ahead: Could this cause NVDA to reach new highs?

With TSMC set to announce their earnings and guidance soon, I’ve been reflecting on how this might impact NVIDIA) stock. TSMC, as one of NVIDIA’s key partners, often provides valuable insights into NVIDIA's demand and sales. If TSMC reports strong earnings, it could indicate robust demand for semiconductors, which is crucial since NVIDIA relies heavily on TSMC for manufacturing its GPUs. Positive news from TSMC might lead to increased optimism for NVIDIA’s prospects and influence overall market sentiment toward tech stocks. A solid report could create a ripple effect, boosting investor confidence not only in TSMC but also in NVIDIA.
Following TSMC's earnings, analysts may revise their ratings or price targets for NVIDIA, potentially leading to a spike in NVDA’s stock price.
Additionally, with the growing demand for AI and gaming, TSMC's earnings could highlight trends that further support NVIDIA’s growth, especially if they mention strong orders from clients in these sectors. Reports indicate that TSMC is now able to ship more chips than ever before.
Do you believe TSMC’s earnings will positively impact NVIDIA? Are you planning to make any moves based on this news? Let’s discuss!