TLDRNvidia shares rose 0.2% in premarket trading on Monday, with the stock closing up 0.8% on Friday despite being down 2.7% over the past five days.Taiwan Semiconductor Manufacturing produced the first wafer for Nvidia’s Blackwell chips on U.S. soil, potentially protecting the company from tariffs.Investor Adria Cimino predicts Nvidia stock could reach $284 by early 2027, representing a 100% gain, based on historical patterns following major chip launches.Wall Street maintains a Strong Buy rating with 36 Buy recommendations versus 1 Hold and 1 Sell, with an average price target of $224.69.Other chip makers saw gains in premarket trading, with AMD up 2% and Broadcom rising 0.7%.Nvidia shares edged up 0.2% to $183.65 in premarket trading Monday. The gain comes as investors digest news of a manufacturing breakthrough and debate the sustainability of AI investment returns.NVIDIA Corporation (NVDA)The stock closed up 0.8% on Friday. However, it’s down 2.7% over the past five trading days.Taiwan Semiconductor Manufacturing produced the first wafer for Nvidia’s Blackwell chips on American soil late Friday. This marks a key step in the company’s U.S. manufacturing expansion.CEO Jensen Huang called it “the single most vital manufacturing industry and the most important technology industry in the world.” He connected the move to President Trump’s reindustrialization vision.The domestic production could shield Nvidia from potential tariffs. This gives the company more flexibility in its supply chain.The AI investment debate continues to heat up. Some analysts compare the current environment to past technology bubbles.Richard Flax, chief investment officer at Moneyfarm, sees similarities with previous bubbles. He pointed to potentially transformative technology, massive investment, and high expectations.But Flax also noted key differences. Underlying demand appears robust, profitability remains high, and most companies investing in AI are highly cash generative.Strong Revenue Growth ContinuesNvidia’s recent financial performance backs up the optimism. The company posted Q2 FY2026 revenues of $46.7 billion.That represents a 56% year-over-year increase. Blackwell Data Center sequential growth reached 17%.CEO Huang previously described “insane” demand for the AI chips. The Blackwell architecture follows the successful Hopper generation.Investor Adria Cimino believes history will repeat itself. She predicts the stock could hit $284 by early 2027.That would represent a 100% gain from early 2025 levels. Cimino bases her prediction on historical patterns following major chip launches.Wall Street’s ViewThe stock is up almost 90% over the past six months. Wall Street analysts remain overwhelmingly bullish.Thirty-six analysts rate the stock a Buy. Only one rates it a Hold and one rates it a Sell.The Strong Buy consensus rating comes with a 12-month average price target of $224.69. That points to potential gains of 23% in the year ahead.Cimino previously predicted Nvidia would reach a $10 trillion market cap by decade’s end. She acknowledges potential risks to her forecast.Geopolitical challenges could impact sales. Economic downturns might reduce spending.Declining capital expenditure spending from tech giants would directly affect Nvidia’s revenue. But Cimino expects these risks won’t materialize.Other chip makers also saw gains Monday. Advanced Micro Devices rose 2% in premarket trading.Broadcom climbed 0.7%. The sector appears to be catching some optimism about AI infrastructure spending.The debate over AI investment sustainability continues. But for now, Nvidia and its peers are moving higher.Taiwan Semiconductor’s production of the first U.S.-made Blackwell wafer represents a concrete step in domestic chip manufacturing. The move positions Nvidia to potentially avoid tariff exposure while meeting strong demand for its next-generation AI processors.The post Nvidia (NVDA) Stock Climbs Higher as Manufacturing Milestone Reached appeared first on Blockonomi.