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 and 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 forward guidance is a particularly good sign, Bank of America argued.
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