TECH - Nvidia's Success May Propel These 6 AI-Related Stocks To New Heights | Benzinga
The upcoming quarterly results of NVIDIA Corp (NASDAQ:NVDA) are not just a matter of interest for the company, but also for six other AI-related stocks that tend to rise when Nvidia outperforms.
What Happened: An analysis has identified six AI-related stocks that typically experience a positive reaction when Nvidia beats its estimates, reported CNBC.
These stocks have shown a consistent upward trend following Nvidia’s quarterly results. The six stocks are Super Micro Computer Inc (NASDAQ:SMCI), Advanced Micro Devices Inc (NASDAQ:AMD), Marvell Technology Group Ltd (NASDAQ:MRVL), Vertiv Holdings Co (NYSE:VRT), Synopsys Inc (NASDAQ:SNPS), and Advantest Corp (OTC:ATEYY).
These stocks, all of which are listed in the U.S., have shown increases ranging from 6% to 33% following Nvidia’s strong earnings in the past. The results ...