Nvidia's Earnings Spark a Supply Chain Frenzy. Who Stands to Benefit?

Moomoo Insights· 01:54

 Amid the rapid surge of AI technologies, $NVIDIA (NVDA.US)$ has become the core player in global AI compute infrastructure thanks to its absolute dominance in GPUs. Its financial results are not only a barometer of its own fundamentals but also tug at the nerves of the entire AI supply chain.

Following Nvidia’s earnings, related companies saw a strong rebound. Here we offer a panoramic breakdown of the ecosystem behind the AI supply chain.

1. Chips Manufacturing

Chips Manufacturing is the “bedrock” supporting NVIDIA’s high‑performance chips. $Taiwan Semiconductor (TSM.US)$ is Nvidia’s most critical foundry, producing multiple flagship GPUs including Hopper and Blackwell. Dealings between the two account for over 32% of Nvidia’s COGS. TSMC’s advanced process technology is the key support enabling Nvidia chips to achieve simultaneous breakthroughs in compute density and energy efficiency.

Samsung Electronics also holds a place in NVIDIA’s supply chain, mainly foundrying NVSwitch chips. NVSwitch is a “high‑speed data router” in multi‑GPU systems, providing non‑blocking full interconnect for large‑scale AI clusters—one of the core components of AI compute centers.