NVIDIA Corporation (NVDA) And Taiwan Semiconductor Manufacturing (TSM) Produces the First Blackwell Wafer in US

​NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Revenue Growth Stocks to Invest In. On October 17, NVIDIA Corporation (NASDAQ:NVDA) announced reaching a major milestone with Taiwan Semiconductor Manufacturing Company by producing the first NVIDIA Blackwell chip wafer on U.S. soil at TMSC’s semiconductor facility in Phoenix, Arizona.

Management noted that this marks the beginning of volume production for the company’s Blackwell architecture in the United States. Moreover, this will also enhance the United States’ supply chain and onshore the AI technology stack to ensure America’s leadership in AI.

Moreover, TSMC’s Arizona fab will produce leading-edge chips using two-, three-, and four-nanometer processes, which are essential for AI, telecommunications, and other high-performance computing.

NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company that focuses on accelerated computing to solve complex computational problems. The company offers AI data center platforms, GPUs, networking, and autonomous vehicle solutions.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.