Nvidia is set to undergo a 10-for-1 stock split this week.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) plays a crucial role as some Chinese AI chip firms design less powerful processors to comply with U.S. sanctions. The U.S. imposed export controls on advanced processors and manufacturing equipment to hinder China’s military AI advancements. This affected companies like Nvidia Corp (NASDAQ:NVDA) and limited TSMC’s production capabilities due to its use of U.S. tools. Meanwhile, the key Nvidia supplier looks to boost prices of its services to tap t
The market was mixed ahead of key economic data. Elon Musk reportedly diverted Nvidia AI chips from Tesla to X and xAI.