Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. The chipmaker’s shares crossed $1,000 for the first time last Wednesday and are up around 170% over the past year. Morgan Stanley notes that the reaction to Nvidia’s first quarter results is …
Six artificial intelligence-related stocks tend to react positively to Nvidia ‘s quarterly results, according to CNBC Pro analysis. It comes ahead of Nvidia’s first-quarter earnings this year, which will be released Wednesday after the market close. Five U.S.-listed stocks — Super Micro Computer , AMD , Marvell Technology , Vertiv , and Synopsys — along …
A number of stocks that supply Nvidia look set to gain from the AI boom, as the U.S. chip giant published another bumper quarter of earnings. Nvidia, which makes chips that are used to train artificial intelligence models, said sales had risen 265% year-on-year to more than $22 billion in its latest quarter . It …