tech
These stocks typically move the most on Nvidia's earnings. Some of the names may surprise you
CNBC screened the S&P 500 for stocks that have historically reacted most strongly to Nvidia earnings reports.
TL;DR
- Nvidia is set to report earnings, with market reactions expected in options trading.
- The primary investor focus may shift to Thursday's reaction to the broader AI ecosystem's performance.
- CNBC analyzed S&P 500 stocks for their historical reaction magnitude and consistency to Nvidia's earnings reports.
- Advanced Micro Devices, Vertiv Holdings, Monolithic Power Systems, and Micron Technology were found to be closely tied to Nvidia.
- Optics and connectivity firms like Coherent and Lumentum, along with semiconductor equipment stocks such as Broadcom, KLA Corp, Lam Research, and NXP Semis, also showed high correlations.
- Outside of direct tech, Comfort Systems and United Rentals, involved in data center construction and equipment rental, screened highly.
- Super Micro exhibited the highest sensitivity to Nvidia's earnings moves, albeit with less consistency than some larger semiconductor companies.