According to CNBC Pro Analysis, six artificial intelligence stocks reacted positively to Nvidia's quarterly results. That's ahead of Nvidia's first-quarter earnings this year, which will be released after the market closes on Wednesday. Five U.S.-listed stocks — Super Micro Computer, AMD, Marvell Technology, Vertiv, and Synopsys — as well as Japan-listed Advantest Corp each rose between 6% and 33% after Nvidia reported bumper earnings. has happened CNBC Pro screened for chip stocks in the MSCI World Index that rose in both the fourth quarter of 2023 and the first quarter of 2023. Wall Street analysts expect Nvidia to beat again on Wednesday, currently estimating earnings per share of $5.52. However, some have cautioned that it's less clear how AI chipsets will react this time around. Super Microcomputer Super Microcomputer, a tech infrastructure company, has become one of the biggest winners of Wall Street's AI investment appetite. Its stock has risen more than 900 percent over the past year. The company makes computer servers containing graphics processors (GPUs) – AI chips designed by Nvidia. Nvidia's stock surged 33 percent after last quarter's results came out. It also jumped more than 23% a year ago when Nvidia reported its first-quarter earnings. Advanced Micro Devices AMD, Nvidia's biggest competitor, has also seen its shares rise following Nvidia's earnings. The stock is up 10.7% following Nvidia's recent results and up 11.2% this time last year. The price hike reflects continued investor appetite for companies that design and sell GPUs for artificial intelligence. Last year, AMD announced a new chip that could compete with Nvidia's H100, which is currently the standard for AI applications. Analysts also see AMD improving its AI software, giving Nvidia chips an edge over AMD's. Advantest Corp. Advantest, the world's largest maker of microchip testers, has also benefited from the AI-driven rally. Stocks listed in Japan have increased 165% since 2023 after the launch of chatbot ChatGPT. The company's sales to Nvidia account for about 1% of total revenue. The stock rose 7.5% after Nvidia reported its latest quarterly figures and 16.2% after the first quarter 2023 figures were out. Stocks are also frequently traded as ADRs in the U.S. over the counter and on exchanges. – CNBC's Kif Leswing and Alex Koller contributed reporting.
