Nvidia’s strong results, outlook propel AI supply chain higher
Many stocks are getting a lift today after a federal court blocked many of President Trump’s trade measures, including reciprocal tariffs. But Nvidia’s revenue beat and broadly sunny Q2 outlook are giving an extra bump to stocks across the AI supply chain.
“I think it is fairly clear now that AI is going through an exponential growth, and reasoning AI really busted through,” Nvidia CEO Jensen Huang said on the conference call following earnings.
AI server maker Super Micro Computer is up about 3%.
Corning, whose cables help connect servers, is sitting on a 2% advance.
CoreWeave, which rents out cloud access to Nvidia chips for AI training and inference, is about 3% higher.
Vistra, a utility company that’s been making aggressive inroads into data center power provision, is also trading about 2% to the upside.
Other chipmakers Broadcom, Advanced Micro Devices, and Micron are also outperforming in the premarket.
