By George Glover
Nvidia stock was rising early Thursday, as a solid enough set of earnings from peer Taiwan Semiconductor Manufacturing Co. helped to ease investors' concerns about chip tariffs.
Shares climbed 0.9% to $105.39 ahead of the opening bell. Futures tracking the benchmark S&P 500 were up 0.8%.
Sentiment around the earnings from TSMC appeared to be giving the semiconductor stock a small boost. The Taiwanese chip manufacturer posted a better-than-expected first-quarter profit, and CFO Wendell Huang said that demand for its products outside of China "is still really strong."
The earnings beat could help reassure investors who are fretting about the impact tariffs could have on Nvidia's bottom line. The stock tumbled Wednesday after the chip maker said it would now require a license to export chips to China. Nvidia CEO Jensen Huang visited Beijing to discuss new chip designs Thursday, according to a Financial Times report that cited people familiar with the matter.
Write to George Glover at george.glover@dowjones.com
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April 17, 2025 05:34 ET (09:34 GMT)
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