NVIDIA founder and CEO Jensen Huang discusses the Vera Rubin AI platform during a Q&A with reporters at the annual Consumer Electronics Show (CES) on January 6, 2026 in Las Vegas, Nevada.
Patrick T. Fallon | AFP | Getty Images
chip manufacturer Nvidia and advanced micro device along with other semiconductor manufacturers led an industry-wide gathering in the United States on Thursday. applied materialsafter Taiwan semiconductor manufacturing company The company reported higher-than-expected earnings.
Shares of Nvidia, the world’s most valuable company and a leader in artificial intelligence processors, were up nearly 3% in early afternoon trading. Smaller rival AMD rose 6%. broadcomThe company, which makes custom chips for AI workloads, grew about 2%.
TSMC, the largest contract chip maker, reported a 35% increase in fourth-quarter profit, beating expectations, forecasting an increase in capital spending in 2026 and expressing confidence in AI development. Nvidia, AMD, and Broadcom are all TSMC customers.
“We expect continued strong demand for our cutting-edge process technology to support our business,” Wendell Huang, TSMC’s chief financial officer, said in an earnings call. TSMC stock rose more than 6%.
The report was released ahead of the U.S. tech earnings season, which begins next week for struggling semiconductor makers. intel. apple, tesla, meta and microsoft We plan to announce the results next week.
of VanEck Semiconductor Exchange Traded FundThe stock, which counts Nvidia, TSMC and Broadcom among its top constituents, rose 3.5% on Thursday.
memory storage manufacturers micronThe fourth-place member of the group rose more than 3%. ram researchThe chip equipment maker soared 6.5%. Analog Devices It rose nearly 2%.
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