What's Going On With Nvidia Stock Thursday?

Taiwan Semiconductor Manufacturing Company Ltd TSM is collaborating with Nvidia Corp NVDA and Broadcom Inc AVGO to expedite the development of silicon photonics, a technology poised to revolutionize data transmission in the semiconductor sector. 

Silicon photonics merges laser and silicon technology, offering a superior alternative to traditional copper cables by facilitating faster, more secure data transfer by integrating light with electrical transmission, Wccftech reports.

TSMC is intensifying its innovation efforts around its Compact Universal Photon Engine (COUPE), aiming to foster the widespread adoption of silicon photonics in the AI sector. 

Analysts forecast silicon photonics could amass a global value of $7.86 billion by 2025, growing at a compound annual growth rate of over 25%.

Apart from churning out innovative server chips tailored for artificial intelligence, Nvidia is engaging in discussions with data center owners to lease exclusive space for its budding cloud service, DGX Cloud.

Morgan Stanley investment strategists led by Daniel Skelly disclosed today that the bank added a position in Nvidia.

Price Action: NVDA shares traded higher by 1.09% at $445.19 on the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.