News Formal

These stocks have the most riding on Nvidia's results with highest correlation to AI leader

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 72%

NVIDIA Corp News

Marvell Technology Inc,Applied Materials Inc,Analog Devices Inc

Certain stocks may be more likely to move on the heels of Nvidia's market-moving earnings report Wednesday.

A disappointing Nvidia earnings report could spell trouble for certain stocks closely connected to the market behemoth. All eyes are on the chip giant as it readies to report earnings after the bell Wednesday. Nvidia is widely expected to top estimates, with Wall Street laser-focused on its guidance and Blackwell commentary as concerns mount over AI spending and potential production delays.

Here are the stocks that made the cut: Micron Technology is the most highly correlated stock to Nvidia based on CNBC's screen. That's no surprise since the company supplies its high bandwidth memory chips for Nvidia's graphics processing units. Many also expect Micron's products to be used in the latest Nvidia chips. Micron shares have added about 14% year to date.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chip delays, AI demand in focus in Wednesday's market-moving Nvidia earningsEarnings from bellwether Nvidia could play a pivotal role in the ongoing AI narrative, and decipher where a volatile market goes from here.
Source: CNBC - 🏆 12. / 72 Read more »