Analysts see positive effects for multiple other companies as a result of Nvidia's growth and blowout earnings.
Nvidia 's latest blowout earnings report spells good news for a host of other tech stocks. The dominant maker of artificial intelligence processors delivered expectation-topping fiscal first-quarter results, stronger-than-anticipated guidance, declared a 10-for-1 stock split and raised its dividend. That strong showing bodes well for a host of other companies riding the AI tide or with specific connections to Nvidia.
mountain Super Micro, year to date Taiwan Semiconductor also stands to gain from Nvidia's report, according to Bank of America analyst Brad Lin. Taiwan Semiconductor, which he called the "enabler of generative AI" as a supplier of integrated circuits and packaging, should benefit from high demand. Nvidia's strong foreard guidance is a particularly good sign, Bank of America argued.
Stock Markets Earnings NVIDIA Corp Dell Technologies Inc Super Micro Computer Inc Taiwan Semiconductor Manufacturing Co Ltd Astera Labs Inc Credo Technology Group Holding Ltd Marvell Technology Inc MACOM Technology Solutions Holdings Inc Monolithic Power Systems Inc Maxlinear Inc Semtech Corp NXP Semiconductors NV ON Semiconductor Corp Ambarella Inc Texas Instruments Inc Analog Devices Inc Microchip Technology Inc Business News
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