Nvidia Stock (NVDA) Rises as Firm Says It Will Begin Making Chips in the U.S.
After the Trump administration announced that phones, semiconductors, and computers would be excluded from new tariffs, chipmaker Nvidia (NVDA) said that it will begin manufacturing and testing its chips in the U.S. Indeed, the company stated that it has secured more than 1 million square feet of space in Arizona and Texas to produce its Blackwell chips and AI supercomputers. Unsurprisingly, this announcement led to an increase in Nvidia's stock at the time of writing.
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Nvidia is partnering with Amkor Technology (AMKR) and SPIL to handle packaging and testing operations in Arizona. CEO Jensen Huang said that building AI infrastructure in the U.S. will help meet the growing demand for the technology while also strengthening the supply chain and improving resilience. It is worth noting that this is a major development because it is the first time Nvidia's core AI products will be built in the U.S.
The production of Nvidia's Blackwell GPUs has already begun at Taiwan Semiconductor's (TSM) facilities in Phoenix. The company is also working with Foxconn to develop supercomputer plants in Houston and with Wistron in Dallas. According to Nvidia, mass production at these U.S. sites is expected to scale up over the next 12 to 15 months.
Is NVDA a Good Stock to Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys, four Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $174 per share implies 54.2% upside potential.
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