Nvidia Surge Fails to Rub Off on Those It Needs Most
- ASML, TSMC have been left behind in Wall Street’s AI frenzy
- Firms are crucial in producing the chips that Nvidia designs
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
While Nvidia Corp. shares have roughly tripled this year, those that the company relies on to produce the chips at the heart of the artificial-intelligence frenzy have yet to see such stellar rewards.
Taiwan Semiconductor Manufacturing Co Ltd., which makes most, if not all, of the chips designed by Nvidia, is showing a more modest 30% gain. ASML Holding NV, whose extreme ultraviolet lithography systems are essential in the production process, is up 27%.