Nvidia’s (NVDA) chips have been a driver of the current artificial intelligence boom — and the chipmaker only wants to make it move faster, chief executive Jensen Huang said.

Nvidia Corp. Chief Executive Officer Jensen Huang said that the future of artificial intelligence will be services that can “reason,” but such a stage requires the cost of computing to come down first.

Jensen Huang said that the future of AI would be services which can "reason" but the cost of computing needs to reduce.

Nvidia investors might be further enthused by sales figures from key supplier Taiwan Semiconductor Manufacturing.

Investors have been largely upbeat lately, with strong economic data offsetting rising tensions in the Middle East and uncertainty over the U.S. elections. On Tuesday, a tech-driven rally left the S&P 500 within striking distance of a new all-time record.

Chip giant Taiwan Semiconductor ($TSM) or TSMC reported strong revenue performance in September and year-to-date, reflecting the surging demand