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International Business Times UK
International Business Times UK
Vinay Patel

Nvidia Stock Surges As TSMC Reports Strong AI Chip Demand Despite 'Damaging' Statement From Donald Trump

Nvidia Donald Trump TSMC United States AMD CC Wei UBS Semiconductor Broadcom
Nvidia bucked the trend, rising nearly 3 percent on Thursday after the semiconductor sector's worst showing since 2020. (Credit: Reuters)

Nvidia's stock price climbed roughly 3 percent on Thursday, recovering from a 7 percent plunge the previous day due to geopolitical anxieties triggered by comments from US presidential hopeful Donald Trump.

Nvidia's recent rise coincides with TSMC's announcement on Thursday that demand for high-end AI chips, which they manufacture for Nvidia, remains strong while supply struggles to keep up.

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International Business Times UK
International Business Times UK
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