![\"A](\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/04\/1a245440d8736017e668a21e05f5678a.jpeg\"\/)
<\/p>\n<\/p>\n
24\/7 Wall St.<\/p>\n
Quick Read<\/p>\n
CEO Jensen Huang argues that manufacturing constraints for AI chips at NVIDIA (NVDA) are scalable two-to-three year problems, not permanent growth ceilings, because foundry commitments drive equipment supplier capacity expansion.<\/p>\n
TSMC reported Q1 2026 revenue growth of 35% year over year with advanced nodes representing 74% of total wafer revenue, while ASML CEO confirmed demand for chips is outpacing supply and customers are accelerating capacity expansion for 2026 and beyond.<\/p>\n
Energy policy and grid capacity emerge as the legitimate long-term constraint for NVIDIA, not chip manufacturing, as power availability involves regulatory timelines and national decisions beyond any single company\u2019s control.<\/p>\n
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE<\/a>.<\/p>\n “Once you can build one, you can build 10. And once you can build 10, you can build a million.” That is how NVIDIA (NASDAQ:NVDA<\/a>) CEO Jensen Huang frames the manufacturing bottleneck question that keeps some investors up at night. The logic is simple, and the implications for NVIDIA shareholders are worth unpacking carefully.<\/p>\n What Huang Actually Said<\/p>\n In a recent appearance on the Dwarkesh Podcast, Huang argued that the constraints limiting AI chip production today, including the availability of EUV lithography machines (the specialized equipment that etches circuits onto chips at the atomic scale) from ASML (NASDAQ:ASML<\/a>) and advanced wafer capacity from Taiwan Semiconductor Manufacturing (NYSE:TSM<\/a>), are scalable two-to-three year problems, not permanent ceilings on growth. His core point: manufacturing scale follows a credible demand signal, and NVIDIA works years in advance with both TSMC and ASML to shape that signal.<\/p>\n READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocks<\/a><\/p>\n Huang put it directly: “If I can convince TSMC, ASML will be convinced.” The argument is that once the foundry commits to capacity, the equipment suppliers follow. Bottlenecks dissolve through coordinated, long-horizon planning rather than waiting for the market to sort itself out.<\/p>\n Why This Matters to Investors<\/p>\n The bear case on NVIDIA has always centered on upstream constraints capping revenue growth. That concern is not unreasonable. NVIDIA posted full-year FY2026 revenue of $215.94 billion, up 65% year over year. Q1 FY2027 guidance stands at approximately $78.0 billion. At that pace, any supply chain friction becomes a multi-billion-dollar problem fast.<\/p>\n The data from TSMC’s most recent quarter supports Huang’s confidence. TSMC reported Q1 2026 revenue growth of 35% year over year, with gross margin of 66%, above its guided range of 63-65%. Advanced nodes at 7nm and below represented 74% of total wafer revenue, with 3nm alone at 25%. ASML reinforced the picture: CEO Christophe Fouquet noted that “demand for chips is outpacing supply” and that customers are “accelerating their capacity expansion plans for 2026 and beyond.”<\/p>\n The One Real Constraint Huang Named<\/p>\n Huang was direct about where he sees a genuine long-term risk: energy policy. Grid capacity and power availability are harder to solve than chip manufacturing because they involve regulatory timelines, infrastructure permitting, and national policy decisions that no single company can accelerate by placing a large purchase order. Investors should treat energy as the legitimate constraint to watch, separate from chip supply concerns.<\/p>\n NVIDIA has already committed $95.2 billion in supply-related obligations and Huang described approximately 800 AI factories being built globally, most not yet announced. The manufacturing ramp is underway. The question of whether the power grid can keep up is the one worth monitoring closely.<\/p>\n The analyst who called NVIDIA in 2010 just named his top 10 AI stocks<\/p>\n Wall Street is pouring billions into AI, but most investors are buying the wrong stocks. The analyst who first identified NVIDIA as a buy back in 2010 \u2014 before its 28,000% run \u2014 has just pinpointed 10 new AI companies he believes could deliver outsized returns from here. One dominates a $100 billion equipment market. Another is solving the single biggest bottleneck holding back AI data centers. A third is a pure-play on an optical networking market set to quadruple. Most investors haven’t heard of half these names. Get the free list of all 10 stocks here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"24\/7 Wall St. Quick Read CEO Jensen Huang argues that manufacturing constraints for AI chips at NVIDIA (NVDA)…\n","protected":false},"author":2,"featured_media":37102,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[24083,574,575,24084,3193,6743,13206,4233],"class_list":{"0":"post-37101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jensen-huang","8":"tag-asml","9":"tag-jensen-huang","10":"tag-nvidia","11":"tag-power-availability","12":"tag-revenue-growth","13":"tag-taiwan-semiconductor-manufacturing","14":"tag-top-10-ai-stocks","15":"tag-tsmc"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116445991639951222","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/37101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=37101"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/37101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/37102"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=37101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=37101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=37101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}