:max_bytes(150000):strip_icc()/GettyImages-2215472300-dde93327370942948abb7b4c87715ab8.jpg?w=1920&resize=1920,1267&ssl=1 "These Stocks Are Rising Due to Nvidia’s Solid Earnings Report")
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key takeaways
- Many stocks are growing on Thursday morning after Nvidia’s first quarter revenue estimates.
- Along with other hardware manufacturers such as Dell and Super Micro Computer, there were competitors such as broadcom and advanced micro devices.
- Some energy shares were also removed as the demand for electricity for AI-centric data centers increases, their revenue is expected to promote.
NVDia (NVDA) reported after the bell on Wednesday is raising several shares in chip and server industries on Thursday morning.
Shares of shares of hardware manufacturers such as Super Micro Computer (SMCI) and Working Holdings (VRT) each rose in premarket trading, while NVDia’s two largest chipmaking competitive Broadcom (AVGO) and advanced micro devices (AMDs) were each.
Dell (Dell) and HP Enterprise (HPE) stocks were up 1% above Thursday morning, as JP Morgan analysts stated that Nvidia’s earnings show strong demand and supply of Nvidia’s latest products that serve as a strong sign for server manufacturers’ earnings and approaches.
The shares of a pair of energy -related companies, GE Vennova (GEV) and a Nakshatra Energy Group (CEG) were also more than only 1% as nuclear power shares have been removed by AI trade and expecting an increase in demand for electricity will bring more data centers.
NVIDIA shares were still moving in this way, more than 45 minutes before the opening of the markets on Thursday.
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