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
reported
a
769%
jump
in
profits
and
raised
its
outlook
for
future
growth.
The
acceleration
in
the
AI
trend
also
means
that
its
suppliers’
network
stands
to
benefit
directly
or
indirectly
from
the
growth.
CNBC
screened
for
companies
that
are
suppliers
to
the
Silicon
V
a
lley-headquartered
firm
and
look
set
to
gain
from
the
AI
growth
story,
according
to
LSEG
data.
These
include
semiconductor
manufacturers
like
TSMC
and
Samsung
Electronics
,
memory
producer
Micron
Technology
,
and
semiconductor
equipment
company
BESI
.
Taiwan
Semiconductor
Manufacturing
Company
is
the
world’s
largest
semiconductor
foundry
and
makes
high-tech
chips
for
Nvidia
that
are
used
in
data
centers
to
run
complex
AI
calculations.
However,
although
TSMC
is
the
sole
supplier
to
Nvidia,
the
company’s
revenue
sources
are
diversified;
only
10%
of
its
revenues
come
from
making
AI
chips,
according
to
FactSet
data.
TSMC
also
makes
chips
for
companies
such
as
Apple
and
AMD
.
Samsung
Electronics
and
SK
Hynix
make
“high
bandwidth
memory”
chips
used
in
the
latest
AI
chips.
SK
Hynix
is
a
“top
pick”
for
Morgan
Stanley.
“Looking
at
the
next
3-4
years,
Hynix
is
significantly
more
exposed
to
NVDA,
and
HBM
is
becoming
increasingly
more
strategic
for
GPU
producers,
and
fits
well
in
the
search
for
names
beyond
NVDA,”
the
Wall
Street
bank’s
analysts
said
in
a
note
to
clients
on
Feb.
18.
Japanese
firm
Advantest
makes
equipment
and
materials
used
to
test
AI
chips
during
manufacturing.
The
stock
is
also
among
the
names
linked
to
Nvidia
that
Morgan
Stanley
likes.
On
Thursday,
Dutch
chipmaking
parts
supplier
BESI
(or
BE
Semiconductor
Industries)
said
it
was
witnessing
growing
demand
for
its
“hybrid
bonding”
technology
and
AI-enabled
computing
applications
from
chipmakers
expanding
their
capacity.
BESI’s
technology
helps
connect
the
various
parts
of
a
chip
efficiently.
The
company
says
clients
including
TSMC,
Intel
and
Samsung
are
all
adopting
its
advanced
products.
—
CNBC’s
Michael
Bloom
contributed
reporting.