By The Globe and Mail
Publication Date: 2026-10-28 08:41:00
Nvidia(NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing(NYSE:TSM) each have emerged as major players in the artificial intelligence (AI) space. Nvidia designs the graphics processing units (GPUs) crucial to major AI tasks, and TSMC manufactures these chips. These companies have seen revenue explode higher, and their stock prices have followed, advancing more than 400% and 300%, respectively, over three years.
They clearly are well-positioned to excel as this AI story unfolds. But which of the two might be the biggest AI winner? Let’s take a close look at each business and find out.
Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout. Continue »
Image source: Getty Images.
The case for Nvidia
Nvidia isn’t the only company to design GPUs, but it is the market leader. This is for a few reasons. Nvidia saw the AI opportunity about a decade ago and jumped in, designing its GPUs specifically for this use. This early start offered it the chance to fine-tune its technology and develop relationships with key customers. Today, Nvidia’s commitment to annual innovation keeps it in the No. 1 spot — as rivals develop a GPU to beat the current Nvidia product, Nvidia has already moved on to its next update.
This AI powerhouse, thanks to its CUDA parallel computing platform and vast array of…
