TSMC Says AI Chip Demand Is Still Far Above What It Can Supply. That's Why I'd Buy Nvidia Stock.

TSMC reported strong Q3 results with revenue beating forecasts and raised its 2026 guidance to 44% growth. CEO C.C. Wei stated AI chip demand remains far above supply capacity with no signs of slowdown. Despite TSMC's bullish outlook, Nvidia stock fell 9% from its record high. The analyst argues Nvidia shares are undervalued relative to TSMC at 14x vs 19x forward earnings, making them attractive despite near-term volatility risks.