Nvidia (NASDAQ: NVDA) stock surged today as investor concerns about a peak in artificial intelligence (AI) spending are waning. Today's data point comes from Nvidia partner and supplier Taiwan Semiconductor Manufacturing.
Nvidia shares jumped as much as 3.3% this morning, and were still trading up 2.8% as of 10:38 a.m. ET.
Image source: Nvidia.
Source Fool.com