Nvidia CEO Jensen Huang Says 'You Can’t Overstate the Magic' That is Taiwan Semiconductor, But is TSM Stock a Buy at New Highs?

At a press conference today, Nvidia (NVDA) CEO Jensen Huang once again took the opportunity to heap praise on foundry giant Taiwan Semiconductor (TSM). "They are a world-class foundry and support customers of diverse needs. You can't overstate the magic that is TSMC,” said Huang. The executive was speaking to reporters after Nvidia made a landmark $5 billion investment into fellow semiconductor company Intel (INTC), with Taiwan Semiconductor set to provide foundry support as the two team up on custom CPUs ...