Nvidia's stock price is poised for further gains following a surge in Taiwan Semiconductor Manufacturing Company (TSMC) shares, which reached a record high of $330. TSMC, a key supplier for Nvidia, saw its market capitalization exceed $1.72 trillion after Goldman Sachs upgraded its target price by 35% to NT$2,330, citing strong semiconductor demand. Nvidia has experienced a stock rebound from $170 in December to $190, driven by robust demand for its H200 chips from Chinese clients. Analysts expect Nvidia's fourth-quarter revenue to hit $65.5 billion, significantly up from $57 billion in the second quarter, with annual revenue projected to rise 63% to $213 billion. The company's forward P/E ratio of 40 remains attractive compared to sector averages, suggesting further stock appreciation potential.