Nvidia Corp (NASDAQ:NVDA) is trading higher Thursday, bearing testimony to the unstoppable artificial intelligence frenzy.

Nvidia, along with Apple Inc (NASDAQ:AAPL), Qualcomm Inc (NASDAQ:QCOM), and Advanced Micro Devices, Inc (NASDAQ:AMD), has almost fully booked the TSMC 3nm chip production process until 2026.

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is looking to convert some 5nm equipment to boost 3nm production capacity, TechNode reports.

This could potentially increase 3nm wafer production to between 120,000 and 180,000 units monthly.

Meanwhile, the U.S. government looks to add Russia to its semiconductor embargo list after China and the Middle East. The Biden administration flagged Russia’s flourishing trade relations with China.

Nvidia stock gained over 205% in the last 12 months. Investors can gain exposure to the stock via Vanguard Total Stock Market ETF (NYSE:VTI) and Vanguard Growth ETF (NYSE:VUG).

Price Action: NVDA shares were trading higher by 3.32% to $129.36 premarket at the last check on Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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This article What’s Going On With Nvidia Stock On Thursday? originally appeared on Benzinga.com

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