**Nvidia Stock Approaches Record High Amid Renewed Interest in Semiconductor Sector**

Nvidia (NVDA) is experiencing a resurgence, with its stock nearing an all-time high as renewed interest electrifies the microchip and semiconductor sectors. Over the past five trading sessions, Nvidia’s stock has climbed by 10%, currently priced at $133 per share. This places it close to its peak closing value of $135, which it attained in June following a 10-for-1 stock split.

The summer months saw a dip in Nvidia's stock, driven by waning excitement for chipmakers and the artificial intelligence (AI) market. However, the tide appears to be turning, as investor sentiment has shifted back to positive. Nvidia is not the only player benefiting from this renewed interest; Broadcom (AVGO) and Advanced Micro Devices (AMD) have also seen their stocks rise by 8% and 7%, respectively, in the past week.

Fueling Nvidia's climb to near-record levels are the latest sales figures from Taiwan Semiconductor Manufacturing Co. (TSM), which produces approximately 75% of the world's microchips, including those used in Nvidia’s products. Taiwan Semiconductor reported a 40% year-over-year increase in its September sales, propelled by soaring demand for AI microchips. The company's strong performance is often seen as an indicator for the entire microchip industry and bodes well for Nvidia’s own sales and financial outlook. To keep pace with global demand, Taiwan Semiconductor has announced plans to double its chipmaking capacity.

Nvidia’s stock enjoys strong support from analysts, who have collectively given it a consensus Strong Buy rating. Of 42 Wall Street analysts, 39 have issued Buy recommendations, while three have given Hold ratings, with no Sell ratings in sight. The average price target of $152.44 suggests a potential upside of 14.70%.