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
with
Japan-listed
Advantest
Corp
have
each
risen
between
6%
and
33%
in
the
past
after
Nvidia
revealed
bumper
earnings.
CNBC
Pro
screened
for
chip
stocks
in
the
MSCI
World
index
that
rose
in
both
the
fourth
quarter
of
2023
and
the
first
quarter
of
2023.
Wall
Street
analysts
expect
Nvidia
to
beat
again
on
Wednesday,
with
estimates
currently
standing
at
$5.52
earnings
per
share.
However,
some
have
cautioned
that
how
the
AI
chip
stock
will
react
this
time
around
is
less
clear
.
Super
Micro
Computer
Super
Micro
Computer,
a
tech
infrastructure
company,
has
become
one
of
the
biggest
winners
of
Wall
Street’s
appetite
for
AI
investments.
Its
stock
has
surged
more
than
900%
over
the
past
year.
The
company
builds
computer
servers
containing
graphics
processors
(GPUs)
–
the
AI
chips
Nvidia
designs.
The
stock
jumped
33%
after
Nvidia
revealed
its
last
quarterly
results.
It
also
rose
by
over
23%
a
year
ago
when
Nvidia
reported
its
first-quarter
earnings.
Advanced
Micro
Devices
AMD,
the
biggest
competitor
to
Nvidia,
has
also
seen
its
shares
jump
after
Nvidia’s
earnings.
The
stock
rose
10.7%
after
Nvidia’s
most
recent
results
and
11.2%
this
time
last
year.
The
surge
in
valuations
reflect
continued
investor
hunger
for
companies
that
design
and
sell
GPUs
for
artificial
intelligence.
Last
year,
AMD
announced
a
new
chip
that
could
compete
with
Nvidia’s
H100,
which
is
currently
the
standard
for
AI
applications.
Analysts
also
see
AMD
improving
its
AI
software,
eliminating
a
key
reason
why
Nvidia
chips
have
been
preferred
over
AMD’s.
Advantest
Corp
Advantest
,
the
world’s
largest
maker
of
microchip
testers,
has
also
benefited
from
the
AI-fueled
rally.
The
Japan-listed
stock
is
up
165%
since
2023,
following
the
release
of
chatbot
ChatGPT.
The
company’s
sales
to
Nvidia
account
for
about
1%
of
total
revenue.
The
stock
rose
7.5%
after
Nvidia
revealed
its
last
quarterly
figures
and
16.2%
after
the
first
quarter
2023
numbers
were
out.
The
stock
is
also
traded
frequently
in
the
United
States
over
the
counter
and
on
exchanges
as
ADRs.
—
CNBC’s
Kif
Leswing
and
Alex
Koller
contributed
reporting.
