Nvidia (NASDAQ: NVDA) stock is posting big gains in Thursday's trading. The artificial intelligence (AI) hardware leader's share price was up 3.2% as of 2:25 p.m. ET and had been up as much as 3.6% earlier in the session.
Nvidia's valuation is on the rise today thanks to a major new business update from Taiwan Semiconductor Manufacturing (TSMC) and bullish momentum for the broader market. Because it manufactures Nvidia's semiconductor designs, TSMC's performance is often viewed as a bellwether for Nvidia -- and both companies' shareholders got some good news today.
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