Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) were among the earliest companies to recognize the vast potential of AI and focused their resources to meet the growing demand. That decision was prescient, as their stocks have since gained 1,000% and 530%, respectively (as of this writing).

Nvidia stock was modestly higher on Friday, extending gains from the previous session as strong earnings from key supplier TSMC reinforced confidence in sustained demand.

Nvidia’s stock is lagging semiconductor peers in the wake of TSM earnings — underscoring both its well-trodden narrative and the self-reinforcing outperformance of memory stocks.

Nvidia's valuation is on the rise today thanks to a major new business update from Taiwan Semiconductor Manufacturing (TSMC) and bullish momentum for the broader market. Because it manufactures Nvidia's semiconductor designs, TSMC's performance is often viewed as a bellwether for Nvidia -- and both companies' shareholders got some good news today.

It’s hard to move the needle on shares of Nvidia (NASDAQ:NVDA) these days. Even though the stock has continued to drag its feet into the new year, with shares currently down just over 3% year to date,

Nvidia stock was up around 3% at $188.38 in early trading, recovering some ground after falling 1.4% in the previous session.

When it comes to artificial intelligence (AI) infrastructure, there has been no company as dominant as Nvidia (NASDAQ: NVDA). Its graphics processing units (GPUs) have become the primary chips used to power AI workloads, and the ecosystem the company has built around its chips has created a nice moat.

It has been a while since the chip makers have been as prominent as they were at CES 2026, notwithstanding a memory crunch that could change the course of the industry.

Dow Jones futures rose early Thursday, along with S&P 500 futures and especially Nasdaq futures. Nvidia NVDA chipmaker Taiwan Semiconductor TSM jumped early Thursday on strong earnings, giving a lift to the broader semiconductor sector.

Broadcom is uniquely positioned to benefit from secular tailwinds fueling investments across the AI infrastructure value chain. Among the 48 analysts covering Broadcom now, none of them calls the stock a sell.