Investors are recommended to buy AMD and TSMC stocks after Nvidia's strong earnings report

From Nasdaq: 2024-06-01 06:30:00

Nvidia’s impressive quarterly report exceeded expectations, driving shares higher and highlighting AI’s growth potential. Notably, AMD and TSMC shares also surged post-Nvidia’s report due to their close ties. TSMC is ramping up production for Nvidia’s chips, expecting substantial growth. AMD aims to strengthen its AI revenue, benefiting from TSMC’s capacity expansion and growing demand. Analysts foresee promising growth prospects for both TSMC and AMD in the AI market, making them attractive investment options for potential buyers.



Read more at Nasdaq: 2 Top Artificial Intelligence (AI) Stocks to Buy Following Nvidia’s Blockbuster Earnings