Fuel for the A.I boom

A Technical Overview

Wednesday evening, Nvidia reported blowout earnings as net income grew to $6.7 billion, a 422% increase over the same period last year.

This blowout report demonstrates that this A.I boom is no hype. Nvidia’s GPUs are needed to build A.I applications, and they are in extreme demand. However, it is important to note that Nvidia’s edge isn’t just about the silicon. The company’s software, CUDA, is the primary reason why customers can’t easily switch to competitors like AMD, which is now investing heavily in software to catch up.

But if you missed the rocket on Nvidia’s stock price to the moon, fear not, there are plenty of other names that are still loading for a launch. I cited a few of my favorites here in My A.I Shopping List. But for today’s post, here are two names that are ready for take-off. Why? They supply Nvidia.