As all eyes focus on Nvidia's earnings, its main supplier is set to cash in if results are strong

Nvidia is not the only stock that could cash in big on its earnings when results are reported Wednesday after the bell, according to Morgan Stanley. Its supplier Taiwan Semiconductor Manufacturing Company could get a boost if Nvidia's latest quarter, as well as its forward guidance, continue to suggest a strong outlook for chips that power artificial intelligence applications, analysts led by Charlie Chan wrote Sunday.

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Texas Instruments gets $1.6B investment to expand semiconductor manufacturingThe US Department of Commerce announced a $1.6 billion investment to help Texas Instruments expand its production of semiconductors. Once fully online, TI's Sherman facilities will be responsible for producing more than 100 million chips daily.
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