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.
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