AI Startup iGenius Taps Nvidia For AI Data Center In Italy Leveraging Blackwell Chips
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
0mins
Should l Buy TSM?
Source: Benzinga
iGenius and Nvidia Partnership: Italian startup iGenius has partnered with Nvidia to build a large data center in southern Italy by mid-2025, featuring 80 advanced servers aimed at developing open-source AI solutions for secure industries like finance and healthcare.
Colosseum Supercomputer Development: The new supercomputer, named Colosseum, will utilize Nvidia's powerful chips to create advanced AI applications, including generative AI models, and is expected to deliver significant computational performance powered by renewable energy.
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Analyst Views on TSM
Wall Street analysts forecast TSM stock price to fall
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 368.100
Low
63.24
Averages
313.46
High
390.00
Current: 368.100
Low
63.24
Averages
313.46
High
390.00
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based integrated circuit foundry service provider. The Company is primarily engaged in integrated circuit manufacturing services. It offers advanced process technologies, specialised process solutions, advanced photomask and silicon stacking, and packaging-related technologies, while supporting a comprehensive design ecosystem. The Company's products serve diverse electronic sectors including artificial intelligence, high-performance computing, wired and wireless communications, automotive and industrial equipment, personal computing, information applications, consumer electronics, smart internet of things, and wearable devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TSMC Controls 99% of AI Processor Foundry Market
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- Revenue Growth Momentum: In 2025, TSMC achieved a 36% revenue increase to $122.4 billion, with January 2026 revenue growing nearly 37% year-over-year, indicating potential to exceed its 30% growth target and boosting investor confidence.
- AI Chip Market Outlook: RBC Capital Markets projects AI chip sales to rise from $220 billion last year to over $550 billion by 2028, placing TSMC in a prime position to capitalize on this lucrative market as the preferred foundry for AI chip designs.
- Investment Appeal: TSMC's forward earnings multiple of 26 aligns closely with the Nasdaq-100 index, and its earnings are expected to grow faster than the broader market, suggesting that investors are unlikely to go wrong with this semiconductor giant.
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- Total Capital Expenditure: Amazon, Alphabet, and Meta Platforms are expected to collectively invest over $500 billion in 2023 for data center construction and equipment procurement, indicating strong demand for AI infrastructure and further promoting growth in related industries.
- Surge in Chip Demand: Chips account for nearly half of the costs in data center construction, positioning Nvidia and Broadcom to directly benefit from this trend, while Taiwan Semiconductor, as a major chip manufacturer, will continue to profit, ensuring its significant market position.
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- Nvidia's Market Dominance: With a 90% market share in graphics processing units (GPUs), Nvidia is poised to benefit significantly from the growth in AI infrastructure spending, further solidifying its leadership position thanks to its powerful CUDA software platform.
- Broadcom's Competitive Edge: As a major competitor to Nvidia, Broadcom is assisting customers in developing custom AI application-specific integrated circuits (ASICs) and is expected to achieve substantial revenue growth through its networking products and the rise of Tensor Processing Units (TPUs), meeting increasing market demand.
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- Optimistic Industry Outlook: The growth of TSMC and Broadcom is primarily driven by a surge in AI spending, which is expected to propel their market caps beyond Amazon's in the coming years, making them attractive stocks for investors and intensifying market competition.
See More
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- Tech Stock Rotation: The rotation out of technology stocks in 2026 has garnered attention, and despite market volatility, investors are presented with opportunities to acquire high-quality stocks at attractive valuations, potentially capitalizing on future gains.
- Long-Term Investment Confidence: Analysts express optimism about eight stocks that have experienced fluctuations, believing they still possess the ability to generate profits for shareholders in the long run, reflecting a strong market confidence.
- Amazon's Investment Potential: Among the stocks discussed, Amazon (NASDAQ:AMZN) is highlighted as a favorite investment choice, as its long-term growth prospects continue to attract investor interest despite facing challenges.
- Video Content Promotion: The video, published on January 10, 2026, aims to engage viewers to subscribe to the channel and learn more about investment opportunities, while also providing a special offer link to enhance viewer participation.
See More
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- Market Dominance: TSMC controls 99% of the foundry market for AI server compute and custom AI processors, positioning itself as a critical technology enabler for emerging AI giants like Anthropic, thereby solidifying its leadership in the semiconductor industry.
- Revenue Growth Momentum: In 2025, TSMC achieved a 36% revenue increase to $122.4 billion, with January 2026 revenue growing nearly 37% year-over-year, indicating potential to exceed its 30% growth target and boosting investor confidence.
- AI Chip Market Outlook: RBC Capital Markets projects AI chip sales to rise from $220 billion last year to over $550 billion by 2028, placing TSMC in a prime position to capitalize on this lucrative market as the preferred foundry for AI chip designs.
- Investment Appeal: TSMC's forward earnings multiple of 26 aligns closely with the Nasdaq-100 index, and its earnings are expected to grow faster than the broader market, suggesting that investors are unlikely to go wrong with this semiconductor giant.
See More
AI Spending Surge: Data Center Investment Outlook Brightens
- AI Spending Forecast: Global spending on artificial intelligence is projected to reach $300 billion to $400 billion by 2026, reflecting hyperscalers' immense potential and investment willingness in this technology, which is likely to drive stock prices of Nvidia, Broadcom, and Taiwan Semiconductor higher.
- Total Capital Expenditure: Amazon, Alphabet, and Meta Platforms are expected to collectively invest over $500 billion in 2023 for data center construction and equipment procurement, indicating strong demand for AI infrastructure and further promoting growth in related industries.
- Surge in Chip Demand: Chips account for nearly half of the costs in data center construction, positioning Nvidia and Broadcom to directly benefit from this trend, while Taiwan Semiconductor, as a major chip manufacturer, will continue to profit, ensuring its significant market position.
- Market Valuation Rationality: Despite Nvidia, Broadcom, and Taiwan Semiconductor being projected to achieve impressive revenue growth rates of 64%, 51%, and 34% respectively, the market has not assigned them significant premiums, indicating that these stocks remain highly attractive investment options at current prices.
See More
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- Market Size Forecast: In 2023, five companies are projected to spend a staggering $700 billion on AI data centers, indicating robust growth potential in the AI infrastructure market, which is expected to reach $1.4 trillion by 2030, driving a surge in related investments.
- Nvidia's Market Dominance: With a 90% market share in graphics processing units (GPUs), Nvidia is poised to benefit significantly from the growth in AI infrastructure spending, further solidifying its leadership position thanks to its powerful CUDA software platform.
- Broadcom's Competitive Edge: As a major competitor to Nvidia, Broadcom is assisting customers in developing custom AI application-specific integrated circuits (ASICs) and is expected to achieve substantial revenue growth through its networking products and the rise of Tensor Processing Units (TPUs), meeting increasing market demand.
- Opportunities for Micron and TSMC: Micron is set to benefit from the skyrocketing demand for high-bandwidth memory (HBM), leading to sustained revenue growth, while Taiwan Semiconductor Manufacturing Company (TSMC), with its monopoly in advanced logic chip manufacturing, is expected to capitalize on AI infrastructure spending through price hikes and capacity expansion over the next four years.
See More
Promethos Capital Exits Entire Position in Sprouts Farmers Market
- Position Liquidation: On February 13, 2026, Promethos Capital sold its entire holding of 34,935 shares in Sprouts Farmers Market, valued at approximately $3.80 million, indicating a significant reduction in confidence and resulting in a decline in the fund's quarter-end position value.
- Poor Market Performance: As of February 13, 2026, Sprouts Farmers Market shares traded at $68.96, reflecting a 60.9% drop over the past year, significantly underperforming the S&P 500 by 73 percentage points, highlighting a decline in the company's competitive position.
- Portfolio Adjustment: The Sprouts Farmers Market position represented 1.02% of Promethos Capital's AUM, and following the liquidation, the fund's top five holdings shifted to include Taiwan Semiconductor and Novartis, indicating a strategic pivot towards other sectors.
- Future Growth Potential: Despite Promethos Capital's exit, Sprouts Farmers Market is actively expanding, aiming for 1,400 locations in the long term, with 70% of its products being attribute-driven, showcasing its differentiated competitive advantage in the health food market.
See More
Amazon Faces Challenge from TSMC and Broadcom
- Intensifying Market Competition: Amazon's market cap stands at $2.13 trillion, but its slowing growth rate exposes it to fierce competition from TSMC and Broadcom, which have market caps of $1.57 trillion and $1.54 trillion respectively, potentially surpassing Amazon in the next three years.
- Earnings Expectations Comparison: Analysts project TSMC's earnings per share (EPS) to reach $14.31 in 2026 and $18 in 2027, while Amazon's EPS is expected to slightly decline from $7.78 last year to $7.74 this year, indicating significant investment in AI-related expenditures.
- Surge in Capital Expenditures: Amazon anticipates capital expenditures of $200 billion this year, a substantial increase from last year, which, while not directly impacting EPS, will have long-term implications for growth, particularly in the AI sector.
- Optimistic Industry Outlook: The growth of TSMC and Broadcom is primarily driven by a surge in AI spending, which is expected to propel their market caps beyond Amazon's in the coming years, making them attractive stocks for investors and intensifying market competition.
See More
2026 Tech Stock Rotation and Investment Opportunities
- Tech Stock Rotation: The rotation out of technology stocks in 2026 has garnered attention, and despite market volatility, investors are presented with opportunities to acquire high-quality stocks at attractive valuations, potentially capitalizing on future gains.
- Long-Term Investment Confidence: Analysts express optimism about eight stocks that have experienced fluctuations, believing they still possess the ability to generate profits for shareholders in the long run, reflecting a strong market confidence.
- Amazon's Investment Potential: Among the stocks discussed, Amazon (NASDAQ:AMZN) is highlighted as a favorite investment choice, as its long-term growth prospects continue to attract investor interest despite facing challenges.
- Video Content Promotion: The video, published on January 10, 2026, aims to engage viewers to subscribe to the channel and learn more about investment opportunities, while also providing a special offer link to enhance viewer participation.
See More
