Gene Munster Warns Wall Street Is Underestimating 2026 AI Demand As Nvidia And TSMC Signal Strong Upside

Group 1 - Nvidia's revenue growth is forecasted to exceed 65% year over year in 2026, surpassing Wall Street's consensus of approximately 50% [2][6] - Key indicators suggest that AI infrastructure growth in 2026 is likely to exceed expectations, with current signals being "2-for-2" in favor of continued momentum [2][6] - Nvidia's management expressed confidence in demand for AI infrastructure, indicating potential upside to current analyst models [3][6] Group 2 - Taiwan Semiconductor Manufacturing Co. (TSMC) projected first-quarter 2026 revenue between $34.6 billion and $35.8 billion, exceeding Wall Street's expectations of about $33.2 billion [4] - TSMC's fourth-quarter earnings beat expectations, with a gross margin of 62.3% and earnings per share of $3.09, both surpassing consensus estimates [9]