What's Going On With Nvidia Shares Today

Nvidia Corp NVDA shares are trading higher on Friday as several reports create a buzz.

Taiwan Semiconductor Manufacturing Company Ltd TSM procured 3nm chip order commitments from vendors, including Advanced Micro Devices, Inc AMD, Media Tek Inc MDTKF, Nvidia, and Qualcomm Inc QCOM, which look to postpone the delivery of their 3-nm generation devices, Digitimes reports.

TSMC is struggling to meet the high demand for 3nm chips from its biggest customer, Apple Inc AAPL.

Reportedly, Apple has locked up all of TSMC's 3nm production for this year to mark the exclusive debut of the iPhone 15 Pro and iPhone 15 Ultra.

Today Microsoft reported a 10-year deal with European cloud gaming platform Nware to stream PC games built by Xbox on Nware's platform. The agreement also includes rights to stream Activision Blizzard, Inc's ATVI titles on Nware's platform after the acquisition closes.

Earlier, Microsoft forged similar deals with Nvidia, Nintendo Co, Ltd NTDOF NTDOY, and Boosteroid to end the regulatory opposition against its Activision deal.

Nvidia expressed solidarity with the Microsoft-Activision deal by tweeting how its GeForce NOW and other cloud gaming providers stand to gain an even deeper catalog of games from the merger. 

Price Action: NVDA shares traded higher by 0.79% at $275.41 on the last check Friday.