Nvidia Stock Slips. TSMC Revenue Boost Fails to Offset Shadow of China Probe. -- Barrons.com
Nvidia stock was edging down early on Tuesday. A sales boost for its key manufacturer wasn't enough to lift the chip maker which is under the shadow of an antitrust investigation in China.Nvidia shares were down 0.4% at $138.33 in premarket trading, continuing to exist in a range of between $135 and $145 over the past few weeks.The stock fell 2.6% on Monday after China's State Administration for Market Regulation said it had initiated an investigation into Nvidia due to a suspected violation of antimonopoly law. An Nvidia spokesperson said the company was happy to answer any questions from regulators.A more positive note came from for Nvidia's key supplier Taiwan Semiconductor Manufacturing, which said on Tuesday that its sales increased by 34% in November compared with the same month a year ago.TSMC -- and Nvidia -- have struggled to meet demand for AI chips. TSMC management has confirmed plans to double advanced chip-packaging capacity, called CoWoS, by the end of 2024. CoWoS is need