Nvidia's AI Spider Web Spurs Soaring Gains: Key Related Stocks Quietly Surge Over 195%

Moomoo News Global joined discussion · May 30, 2024 18:50

The new paradigm which Nvidia created has been carrying the markets and bullish portfolios for quite some time now. A spider web of companies serving a completely new accelerated computing environment. Nvidia created this over the span of 1 decade.

Check out the Nvidia AI spider web:

Nvidia's AI Spider Web Spurs Soaring Gains: Key Related Stocks Quietly Surge Over 195%

Semiconductors

As can be seen from the chart above, aside from $NVIDIA (NVDA.US)$'s surge of over 130% this year, $Taiwan Semiconductor (TSM.US)$ , $Arm Holdings (ARM.US)$ , and $Qualcomm (QCOM.US)$ have all seen strong gains amid the artificial intelligence frenzy.

According to TrendForce, demand for NVIDIA’s Blackwell platform expected to boost TSMC’s CoWoS total capacity by over 150% in 2024. By 2025, the planned total capacity could nearly double, with Nvidia's demand expected to make up more than half of this capacity.

In addition, Nvidia and $Advanced Micro Devices (AMD.US)$ ’s AI development set to propel HBM3e into mainstream market dominance by the second half of the year, says TrendForce.

Utilities/Power Solutions

Utilitis and power companies have also been quietly gaining strength, with $Vistra Energy (VST.US)$ surging nearly 170% and $Constellation Energy (CEG.US)$ 's increase approaching 90%.

Amid the generative artificial intelligence (AI) gold rush, McKinsey’s recent forecast predicts a significant surge in data center power consumption in the U.S., from 17 gigawatts (GW) in 2022 to 35 GW in 2030. This growth is attributed in part to the increasing use of higher-power chips for demanding workloads such as AI.

Servers

It's worth noting that AI servers $Super Micro Computer (SMCI.US)$ has more than doubled in value, while $Dell Technologies (DELL.US)$ has also achieved a 136% increase in its share price.

Dell is expanding its AI Factory in collaboration with Nvidia, introducing new advancements in servers, edge solutions, workstations, and services to accelerate AI adoption and innovation. This partnership aims to simplify AI implementation for firms, allowing them to confidently adopt the next tech revolution.

The initiative combines Dell's AI portfolio with the Nvidia AI Enterprise software platform, supported by Nvidia's advanced computing and networking technologies. This collaboration offers firms integrated capabilities and pre-validated solutions for efficient AI deployments. It also includes high-performance computing options, edge AI app support, and services to speed up AI app development and deployment.

Heat Management/Cooling

Besides, Nvidia's exclusive liquid cooling supplier, $Vertiv Holdings (VRT.US)$ , has seen its stock price soar nearly 500% since the start of 2023. $Eaton (ETN.US)$ , which provides power management solutions, has increased by over 30% this year, doubling its share price since last year; and $nVent Electric (NVT.US)$ , a provider of electrical connection and protection solutions, has accumulated a gain of about 41% within the year, reaching an all-time high stock price.

Moreover, Nvidia AI spider web also include Semiconductor Equipment: $Applied Materials (AMAT.US)$ , $KLA Corp (KLAC.US)$ and $ASML Holding (ASML.US)$ . Data storage companies $Pure Storage (PSTG.US)$ and $Western Digital (WDC.US)$ have seen their stock prices climb by over 76% and 47% respectively so far this year.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more