Core Insights - Nvidia reported a revenue of $44.06 billion for the previous quarter, marking a significant increase from $26.04 billion in the same quarter last year, reflecting a growth of approximately 69.3% [1][2] - Operating income rose from $16.9 billion to $21.6 billion, and diluted earnings per share increased from $0.60 to $0.76 [2] Company Analysis - AMD: Advanced Micro Devices, a key competitor to Nvidia, saw its stock decrease by 6.44% year-to-date. However, HSBC raised its price target from $75 to $100, leading to a nearly 4% stock gain on the same day. AMD is making strides in the AI sector with the launch of a new AI chip tailored for the Chinese market, which is expected to generate interest [3][5] - Super Micro Computer: This company, which manufactures servers for Nvidia chips, experienced a 4.4% increase in stock price following Nvidia's Q1 report. AI now constitutes nearly 70% of Super Micro's revenue, positioning it to benefit from increased demand as Nvidia transitions to Blackwell chips [6][8] - CoreWeave: A rapidly growing cloud-computing startup backed by Nvidia, CoreWeave operates a $1.6 billion supercomputer data center in Texas. With Nvidia reporting record data center sales of $39.1 billion for Q1 2026, up 73% from the previous year, CoreWeave is well-positioned for growth. The company projects revenue of $5.1 billion in 2025 and has appointed a new Vice President of Government Affairs to strengthen ties with government entities [9][10]
Nvidia is surging; Here are 3 stocks to follow