Shares of several semiconductor and AI-related stocks are trading higher in sympathy with NVIDIA, which reported strong Q2 financial results and Q3 guidance.
Portfolio Pulse from Benzinga Newsdesk
Shares of several semiconductor and AI-related stocks are trading higher in sympathy with NVIDIA, which reported strong Q2 financial results and Q3 guidance. The stocks mentioned include MRVL, PLTR, SMCI, and TSM.
August 24, 2023 | 12:44 pm
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POSITIVE IMPACT
Marvell Technology's (MRVL) stock is trading higher in response to NVIDIA's strong Q2 results and Q3 guidance.
MRVL, being a semiconductor company, is likely to be positively impacted by NVIDIA's strong performance as it indicates a healthy market for semiconductors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Palantir Technologies' (PLTR) stock is trading higher in response to NVIDIA's strong Q2 results and Q3 guidance.
PLTR, being an AI-related company, is likely to be positively impacted by NVIDIA's strong performance as it indicates a healthy market for AI technologies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Super Micro Computer's (SMCI) stock is trading higher in response to NVIDIA's strong Q2 results and Q3 guidance.
SMCI, being a semiconductor company, is likely to be positively impacted by NVIDIA's strong performance as it indicates a healthy market for semiconductors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Taiwan Semiconductor's (TSM) stock is trading higher in response to NVIDIA's strong Q2 results and Q3 guidance.
TSM, being a semiconductor company, is likely to be positively impacted by NVIDIA's strong performance as it indicates a healthy market for semiconductors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75