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Nvidia’s blowout quarter has analysts scurrying to re-evaluate the impact of artificial intelligence on revenue.
Analysts at JPMorgan put together this chart, showing the percentage of revenue likely to come from AI this year.
Nvidia
NVDA,
clearly leads, at up to 60%, but there are several in the 10% region: Broadcom
AVGO,
Marvell
MRVL,
Micron
MU,
and Zhongji Innolight
300308,
Also see: Nvidia shares rally, carry other AI stocks higher
Estimated 2023 revenue from artificial intelligence.
JPMorgan
The note, from JPMorgan analysts led by Gokul Hariharan, points out that direct AI related exposure is small for most Asian tech companies, but investors will start pricing in that potential. Its picks in Asia with higher exposure to AI are Unimicron
3037,
Aspeed
5274,
Quanta
2382,
Chroma
2360,
Elite Material
2383,
Taiwan Semiconductor Manufacturing
2330,
TSM,
SK Hynix
000660,
and Zhongji Innolight.
Taiwan’s TAIEX
Y9999,
home to many of these companies, outperformed other Asian bourses on Thursday.
Related: Nvidia barrels toward rare $1 trillion valuation after putting a dollar figure on AI boost
