Nvidia Corp (NASDAQ:NVDA) is trading higher on Thursday, a testament to the unstoppable frenzy in artificial intelligence.
Nvidia, along with Apple Inc (NASDAQ:AAPL), Qualcomm Inc (NASDAQ:QCOM), and Advanced Microdevices, Inc (NASDAQ:AMD), has almost fully booked the production process of TSMC 3nm chips until 2026.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) wants to convert 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.
Meanwhile, the US government is trying to add Russia to its semiconductor embargo list, after China and the Middle East. The Biden administration marked Russia’s booming trade ties with China.
Nvidia shares are up more than 205% in the past twelve months. Investors can gain exposure to the stock through Vanguard Total Stock Market ETF (NYSE:VTI) and Vanguard Growth ETF (NYSE:VUG).
Price promotion: NVDA shares were trading up 3.32% to $129.36 premarket at last check on Thursday.
Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
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This article What’s going on with Nvidia stock on Thursday? originally appeared on Benzinga.com
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