Nvidia's Success May Propel These 6 AI-Related Stocks To New Heights
Portfolio Pulse from Benzinga Neuro
Nvidia's upcoming quarterly results are expected to positively impact six AI-related stocks: Super Micro Computer, AMD, Marvell Technology, Vertiv Holdings, Synopsys, and Advantest. These stocks have historically risen following Nvidia's strong earnings.
May 22, 2024 | 3:40 am
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POSITIVE IMPACT
AMD, a leading competitor to Nvidia, has seen its shares rise following Nvidia's earnings, reflecting continued investor interest in GPU companies.
AMD's stock tends to rise in response to Nvidia's strong earnings, driven by investor interest in the GPU market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Advantest Corp, the world's largest microchip tester, has experienced significant growth due to the AI-fueled rally.
Advantest Corp's stock has shown significant growth following Nvidia's earnings, driven by the AI investment trend.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Marvell Technology has shown a consistent upward trend following Nvidia's strong earnings.
Marvell Technology's stock has historically risen following Nvidia's earnings, indicating a positive correlation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Nvidia's upcoming earnings report is expected to be positive, with analysts forecasting an EPS of $5.52. This could drive up Nvidia's stock price.
Positive earnings reports typically lead to a rise in stock prices. Nvidia's strong performance is expected to continue, driving investor confidence.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Super Micro Computer has historically benefited from Nvidia's strong earnings, with its stock soaring over 900% in the past year.
Super Micro Computer's stock has shown significant growth following Nvidia's earnings, indicating a strong correlation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Synopsys has shown increases following Nvidia's strong earnings.
Synopsys' stock has historically risen following Nvidia's earnings, indicating a positive impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Vertiv Holdings has experienced growth following Nvidia's strong earnings.
Vertiv Holdings' stock has shown a positive trend following Nvidia's earnings, suggesting a beneficial impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50