One semiconductor supplier could win big from a strong outlook from chip giant Nvidia , according to Morgan Stanley. "
TSMC is the sole supplier for NVDA AI GPU, so we view NVDA's July-quarter revenue guidance, due on May 22, as a key catalyst," wrote analyst Charlie Chan.
"We would expect TSMC's share price to rise if NVDA's guidance were to beat expectations."
Investors will closely monitor Nvidia's July revenue guidance, which the market regards as one of the most significant indicators of AI server demand.
U.S.-listed shares of Taiwan Semiconductor have rallied 47% this year.
Persons:
Morgan Stanley, Charlie Chan, Chan
Organizations:
Nvidia, Taiwan Semiconductor, Wall, U.S
Locations:
2024e