More tech stocks are set to benefit from Nvidia fallout, according to analysts. Here's a lineup

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.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Analysts expect another strong earnings report from Nvidia, lift stock targetsAnalysts expect another strong earnings report from Nvidia, lift stock targets
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Nvidia stock: 10 Wall Street analysts discuss earnings, outlookNvidia stock: 10 Wall Street analysts discuss earnings, outlook
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Nvidia Stock Earnings Preview: NVDA advances ahead of Wednesday’s Q1 resultsNvidia will release fiscal Q1 earnings after the close on Wednesday.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »