By Tirthankar Chakraborty
Publication Date: 2026-02-23 17:00:00
NVIDIA Corporation NVDA has consistently posted strong quarter-over-quarter earnings, and its fiscal 2026 fourth quarter looks no different. Relentless demand for its Blackwell chips, expanding artificial intelligence (AI)-driven partnerships, and an increase in data center investment all signal continued long-term growth.
However, NVIDIA’s shares have risen just 1.8% year to date, a muted performance that has left Wall Street unimpressed. On the other hand, other AI heavyweights, including Taiwan Semiconductor Manufacturing Company Limited TSM, or TSMC, Micron Technology, Inc. MU, and Super Micro Computer, Inc. SMCI, have significantly outperformed, climbing 21.9%, 50%, and 10.8%, respectively. Let’s thus see what’s driving their gains, and why further upside may be ahead –
Image Source: Zacks Investment Research
Rising Data Center Demand Fuels TSMC’s Momentum
With AI hyperscalers ramping up data center construction, the demand for TSMC’s chips that power these facilities is expected to rise, supporting stronger revenue and earnings growth, while potentially pushing the stock price higher.
TSMC’s leading-edge process technologies are currently experiencing strong demand, as they have in the past. As a result, the company expects first-quarter 2026 revenues between $34.6 billion and $35.8 billion, which would surpass fourth-quarter 2025’s $33.73 billion, indicating a 25.5%…
