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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 24 min. at publisher
  • 📊 Quality Score:
  • News: 89%
  • Publisher: 72%

Semiconductor Device Manufacturing Noticias

Technology,Microchip Technology Inc,Analog Devices Inc

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 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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Analysts expect another strong earnings report from Nvidia, lift stock targetsAnalysts expect another strong earnings report from Nvidia, lift stock targets
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Nvidia stock: 10 Wall Street analysts discuss earnings, outlookNvidia stock: 10 Wall Street analysts discuss earnings, outlook
Fuente: Investingcom - 🏆 450. / 53 Leer más »