Nvidia’s Taipei Offensive: A $150 Billion Supply Chain Bet and Two Bold Hardware Fronts

Nvidia’s stock has drifted roughly 10% below its all-time peak of €201.05 since mid-May, with the shares closing Friday at €181.40. That marks a slide of about 2% over the past week, even as key catalysts loomed on the horizon. The relative strength index has slipped to 36.4, suggesting selling pressure has dominated the near-term picture. Yet on a 12-month basis, the equity is still up nearly 49%, and the market is now looking to Computex in Taipei for the next leg of the story.

Jensen Huang is expected to use his keynote in Taipei on Monday to lay out a detailed roadmap that spans both the data center and the consumer PC market. The centerpiece on the enterprise side is the Vera Rubin architecture, which succeeds the Blackwell generation. The R200 chip will be built on TSMC’s 3-nanometer process and paired with HBM4 memory, delivering roughly 50 petaflops of FP4 inference performance. First systems are slated to ship to customers as early as August 2026, with volume production scheduled for the second half of the year. AWS, Google Cloud, Microsoft Azure and Oracle have already confirmed deployments.

But Huang has an even more disruptive card to play. Nvidia’s first original system-on-a-chip for Windows laptops, the N1X, is also set to debut. The ARM-based processor, developed in collaboration with MediaTek and manufactured on the same TSMC 3nm node, integrates a Blackwell-class GPU that leaked benchmarks have pegged at the performance level of a mobile RTX 5070 Ti. Dell, Lenovo, Asus and MSI are all reported to be readying N1X-based laptops for launch before the end of 2026. That directly challenges Intel, AMD and Qualcomm on turf where none of those incumbents can afford to ignore a new entrant packing Nvidia’s AI and graphics expertise.

Should investors sell immediately? Or is it worth buying Nvidia?

Beyond hardware, Huang used his Taipei visit on 29 May to make an emphatic statement about Nvidia’s reliance on Taiwan’s semiconductor ecosystem. Annual spending with local suppliers — led overwhelmingly by TSMC — has jumped from around $10–15 billion four years ago to $100 billion today, and Huang expects that figure to reach $150 billion. He also announced plans for a new corporate campus, the “Constellation Campus” in Taipei’s Beitou-Shilin district, with construction to begin in mid-2026 and operations targeted for 2030. The CEO shrugged off questions about Huawei’s recent “Tau Scaling Law” advances, noting that TSMC has employed comparable chip-stacking techniques for more than a decade.

The Taiwanese stock market responded immediately. The TAIEX closed at a record high of 44,732 points on Friday, accompanied by an all-time high in trading volume. Analysts have framed the rally as an “ecosystem valuation premium” for the island’s complete AI supply chain.

Technically, Nvidia’s shares are now trading about 6% above their 50-day moving average, a level that has historically offered support during pullbacks. The RSI reading of 36.4 indicates that the recent selloff is already moderately overdone by conventional measures. Still, the stock has yet to reclaim its mid-May highs despite the escalating rhetoric around Taiwan and the promise of a new PC chip.

The real test will come on Monday when Huang delivers official benchmark numbers for the N1X and detailed timelines for the Vera Rubin ramp. Nvidia has guided for second-quarter revenue of $91 billion, and the market wants to see credible delivery schedules — for the 3nm transition, the global build-out of so-called AI Factories, and the software stack that will support the new architectures. With a $150 billion annual spend in Taiwan and product launches spanning server rooms to consumer desks, Nvidia is betting on two growth engines at once. Whether that can jolt the stock out of its recent torpor will depend on how convincingly Huang connects the dots in Taipei.

Ad

Nvidia Stock: New Analysis - 30 May

Fresh Nvidia information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

Read our updated Nvidia analysis...

en | US67066G1040 | NVIDIA’S | boerse | 69450853 |