Nvidia (NVDA) shares are in focus today after Microsoft (MSFT) said it has received U.S. approval to ship the giant’s advanced artificial intelligence (AI) chips to the United Arab Emirates (UAE). The announcement marks the first major chip export authorization under stringent U.S. security protocols and will substantially enhance the region’s AI infrastructure capabilities. More News from Barchart At the time of writing, Nvidia stock is up a remarkable 130% versus its year-to-date low set in April. ww ...

Core Insights - TSMC is expected to report a 28% increase in third-quarter profit, reaching a record high, driven by the rising demand for AI infrastructure [1] Company Summary - TSMC is the world's largest manufacturer of advanced artificial intelligence chips [1] - The surge in demand for AI infrastructure is a key factor contributing to TSMC's profit growth [1]

Core Insights - TSMC is expected to report a record third-quarter profit, with a 28% increase driven by high demand for AI infrastructure [1][2] - The company is forecasted to achieve a net profit of T$415.4 billion ($13.55 billion) for the quarter ending September 30 [2] - TSMC has indicated a revenue growth of 30%, marking its seventh consecutive quarter of profit growth [3] Financial Performance - The anticipated net profit of T$415.4 billion would surpass the previous record of T$398.3 billion [2][3] - Analysts predict TSMC's revenue growth for the year to be between 30% to 35% [3] Market Position - TSMC is the largest manufacturer of advanced AI chips and a key supplier to major companies like Nvidia and Apple [2][4] - The company holds a market capitalization of approximately $1.22 trillion, significantly larger than its South Korean competitor Samsung Electronics [5] Industry Trends - The ongoing growth in AI infrastructure investments is expected to benefit TSMC, as leading chip suppliers have limited alternatives [4] - Despite uncertainties from U.S. tariffs and trade disputes, investment in AI infrastructure remains a priority for cloud-service providers and manufacturers [4] Stock Performance - TSMC's shares have increased by 30% this year, reflecting optimism regarding AI, while largely ignoring tariff concerns [7] - The rise in TSMC's stock has contributed to a 16.9% increase in the benchmark Taiwanese index [7]