TECH - What's Going On With Nvidia Tuesday? | Benzinga
Artificial intelligence kingpin Nvidia Corp (NASDAQ: NVDA) keeps hitting the headlines courtesy of the AI frenzy, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) being the latest tech juggernaut to notch up its AI offerings.
The ace chipmaker scaled higher since its upbeat second-quarter results and ambitious outlook made its previously steep valuation appear cheaper than its rivals.
However, the caveat seems to be Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) responsible for making Nvidia’s chips, the Financial Times reports.