Click the image to enlarge
NVIDIA slipped modestly despite strong AI tailwinds, as easing semiconductor tariff concerns reduced a near-term risk premium. TSMC reported January revenue up 37% YoY, driven by AI and data centre chip demand, while OpenAI signalled over 10% monthly user growth, reinforcing infrastructure expansion needs. Reports suggest Nvidia may receive tariff exemptions following TSMC’s $165B U.S. investment pledge.
The stock continues trading near 2026 highs, supported by its dominant AI accelerator position, but remains sensitive to labour data outcomes that could shift Fed expectations.
Bottom Line: Strong structural AI demand supports NVDA, but near-term direction hinges on U.S. labour data.
Add comment
Comments