Nvidia CEO Jensen Huang praises Taiwan Semiconductor Manufacturing Co. as one of the greatest companies in history and suggests buying its stock is a smart move.

Nvidia CEO Jensen Huang praises Taiwan Semiconductor Manufacturing Co. (TSMC) as one of the greatest companies in history and suggests investing in it is "very smart". Huang notes TSMC is working on six new products for Nvidia, including a new CPU and GPU, and highlights the company's resilience amid increasing competition. TSMC's Arizona unit recently turned a profit, and the company has pledged $165 billion in US investments.

Nvidia CEO Jensen Huang recently visited Taiwan to strengthen collaboration with Taiwan Semiconductor Manufacturing Co. (TSMC), highlighting the company's pivotal role in the semiconductor industry. During his visit, Huang praised TSMC, describing it as "one of the greatest companies in the history of humanity" [3].

Huang noted that TSMC is currently working on six new products for Nvidia, including a new CPU and GPU, which are essential for advanced computing applications [1, 2]. He emphasized TSMC's resilience amid increasing competition from other semiconductor manufacturers [1].

In addition to product development, Huang indicated that he is excited about the establishment of ‘NVIDIA Constellation’, a new office in Taiwan designed to accommodate the rapidly growing workforce in the region [2]. The office will foster relationships with local industry leaders and is crucial for Nvidia's supply chain strategy.

TSMC's Arizona unit recently turned a profit, demonstrating its resilience and ability to adapt to competitive pressures [3]. The company has also pledged $165 billion in US investments, underscoring its commitment to expanding its manufacturing capabilities in the United States [3].

Wall Street analysts remain optimistic about TSMC's future, with projections for 16-19% revenue growth in 2026-2027 reflecting confidence in the company's continued dominance in semiconductor manufacturing [3]. The consensus rating among analysts is a "Strong Buy," with the average 12-month price target for TSMC stock being $261.38 [3].

Huang's praise for TSMC comes at a time when the company is demonstrating exceptional performance in the semiconductor industry, with Q2 revenue surging 44% year-over-year to $30 billion, driven largely by increasing AI chip demand [3]. TSMC's technological leadership remains unchallenged, particularly in advanced chip manufacturing processes at 3nm and 5nm nodes [3].

References:
[1] https://www.ainvest.com/news/nvidia-ceo-jensen-huang-praises-taiwan-semiconductor-manufacturing-greatest-companies-history-suggests-buying-stock-smart-move-2508/
[2] https://www.marketscreener.com/news/nvidia-ceo-jensen-huang-visits-taiwan-to-strengthen-cooperation-with-tsmc-ce7c50dade89f323
[3] https://finance.yahoo.com/news/nvidia-ceo-jensen-huang-anybody-121510404.html