If there was any concern about the health of the artificial-intelligence chip market currently, Taiwan Semiconductor Manufacturing Co. put that to rest with its latest results — setting up Nvidia Corp.

Nvidia shares hit a record high on Monday, closing at $138.07 as Wall Street anticipates earnings updates from Microsoft, Meta, Google, and Amazon on

A drop in chipmaker shares on Tuesday hit pause on the latest rally, yanking indexes from the record highs achieved in the previous session. The tech-heavy Nasdaq dropped 1% as Tuesday's session delivered a double-whammy to the semiconductor industry.

Key Takeaways Nvidia shares set yet another record high Thursday as concerns earlier this week about a softening in the semiconductor market was eased by TSMC's earnings report.The Taiwanese supplier of chips to Nvidia,

Shares of Nvidia rose more than 3% on Thursday, briefly tapping a new intraday high of $140.89. It bested a previous record of $140.76, set June 20.

Nvidia stock was rising Wednesday as investors digested the fallout from Tuesday’s chip stocks plunge after the early release of disappointing earnings and outlook from Dutch semiconductor-equipment maker ASML.