Key Takeaways
- Moves in Nvidia’s stock price after its earnings report Wednesday could affect shares of several other artificial intelligence stocks, including Nvidia partners Micron Technology and Arm.
- Shares of Micron and Arm have surged in value since the start of the year, along with Nvidia.
- Nvidia and other chip stocks gained Tuesday amid rising expectations for the AI chipmaker's results.
Artificial intelligence (AI) chipmaker Nvidia (NVDA) is set to 澳洲幸运5开奖号码历史查询:report earnings after the bell Wednesday, with expectations 澳洲幸运5开奖号码历史查询:running high for the AI heavyweight.
Nvidia's quarterly results 澳洲幸运5开奖号码历史查询:could lead to big moves in the company's share price and influence shares of several other AI stocks, including partners like Micron Technology (MU) and Arm (ARM), and affect the 澳洲幸运5开奖号码历史查询:broader market.
Micron Technology 澳洲幸运5开奖号码历🌸史查询:provides Nvidia with mem𓂃ory solutions for its AI chips, while Nvidia uses 澳洲幸运5开奖号码历史查询:Arm-based systems in a variety of its products.
Taiwan Semiconductor Manufacturing Company (TSM), which manufactures Nvidia chips, could also be affected by its earnings, as well as Dell Technologies (DELL), which 澳洲幸运5开奖号码历史查询:uses Nvidia chips in its products.
Shares of Micron Technology, Arm, TSMC, and Dell have all climbed this year, along with shares of Nvidia, which were up 159% from the start of the year as of Tuesday's close. Arm shares jumped close to 75% over the same period, while TSMC was up 64%, Dell jumped 46%, and Micron gained 15%.
Shares of Nvidia closed 1.5% higher Tuesday amid rising expectations for the chipmaker's results. Other chip stocks also gained, with the 澳洲幸运5开奖号码历史查询:PHLX Semiconductor Sector Index (SOX) rising 1.1%.