Nvidia leads AI stocks higher ahead of its Q1 earnings. Navitas jumps 50% on Nvidia deal as investors bet on a growing AI ecosystem.
Investor enthusiasm surged Tuesday as markets looked ahead to Nvidia’s first-quarter earnings, set to drop after the bell. While Nvidia’s own stock (NVDA) rose 3.2%, the real fireworks were seen in companies orbiting the AI giant’s expanding ecosystem.
Among the most dramatic movers was Navitas Semiconductor (NVTS), which surged nearly 50% following a new partnership with Nvidia. Meanwhile, Coreweave (CRWV) and SoundHound AI (SOUN) posted double-digit gains, underscoring investor appetite for exposure to AI infrastructure and voice tech tied to Nvidia.
Navitas Semiconductor Soars on Nvidia Power Chip Deal
Navitas became Tuesday’s headline story after news broke that the power chipmaker will supply key components for Nvidia’s next-generation AI platforms. The announcement follows a 150% gain just last week, propelling the previously under-$1 billion company into the spotlight.
Now viewed as a critical hardware partner in Nvidia’s AI ecosystem, Navitas has caught investor attention as a high-upside play in the semiconductor space.
Coreweave and SoundHound Ride the Momentum
Nvidia’s influence is clearly rippling through the AI sector. Coreweave, a cloud computing company closely tied to Nvidia’s GPU infrastructure, leapt over 20%. Since going public in March, Coreweave’s stock has more than tripled — a reflection of its integral role in powering AI workloads.
On the voice AI front, SoundHound AI rallied 16% despite Nvidia exiting its stake earlier this year. The company is still riding high on early-year gains and a bullish analyst outlook. Piper Sandler initiated coverage this week, calling SoundHound an “early leader” in conversational AI and assigning it an Overweight rating with a $12 price target.
Markets Respond to More Than Just AI
The broader market mirrored the AI-driven excitement. The Nasdaq 100 climbed 2.5%, the S&P 500 added 2.1%, and the Russell 2000 gained 2.5%. Investors were also encouraged by President Trump’s decision to delay tariffs on European imports and a surprisingly strong U.S. consumer confidence report.
All Eyes on Nvidia’s Earnings and Forward Guidance
Now, the spotlight returns to Nvidia itself. Analysts expect Q1 FY26 earnings per share to hit $0.73, up from $0.61 last year. Revenue is projected to jump over 66% to $43.34 billion, according to TipRanks.
But numbers alone won’t be enough. Wall Street is eagerly awaiting Nvidia’s forward guidance, particularly on AI demand, data center expansion, and any developments tied to its anticipated Blackwell architecture — the next evolution in Nvidia’s hardware roadmap.
A strong report could extend the AI rally. A miss might cool investor optimism, at least in the short term.
Analysts Remain Bullish on Nvidia
According to TipRanks, Nvidia holds a Strong Buy rating, with 32 Buys, 4 Holds, and just 1 Sell in the last three months. The average price target of $164.21 suggests an upside potential of 21.19%.
Stay connected to Maple News Wire for real-time updates on Nvidia’s earnings and the evolving AI investment landscape.
