While TSMC issued upbeat commentary on the state of the AI market, Wall Street perhaps already had that confidence.

Nvidia has delivered such massive gains in recent years that it's easy to overlook how the stock has performed over the short term. Most investors would be happy with a 20% gain in a year. Nvidia's share price has soared over 20% in the last five weeks.

Behind Nvidia's modest gains, the short interest is telling a more dramatic story, revealing a surge in bearish bets

Nvidia stock was rising Friday after a volatile week for the leading chip maker. With Big Tech earnings kicking off next week, one analyst sees a big potential gain for the share price. Nvidia shares were up 0.

Shares of Nvidia rose more than 3% on Thursday, briefly tapping a new intraday high of $140.89. It bested a previous record of $140.76, set June 20.