Motley Fool …possible boost for NVDA
Taiwan Semiconductor Manufacturing (NYSE: TSM), commonly referred to as TSMC, is the world's largest contract semiconductor foundry and is responsible for the vast majority of AI chips, producing an estimated 90% of the world's most advanced processors. Nvidia ranks among TSMC's biggest customers, accounting for about 11% of the company's sales in 2023 -- though that number is likely higher now. As such, TSMC's performance will likely be a canary in the coal mine, providing insight into the trajectory of Nvidia's results.
TSMC is scheduled to release its third-quarter financial report on Thursday, and the available evidence suggests the results will be robust.