By Steve Goldstein
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 .
Also see: Nvidia shares rally, carry other AI stocks higher
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 , Aspeed , Quanta , Chroma , Elite Material , Taiwan Semiconductor Manufacturing (2330.TW), SK Hynix , and Zhongji Innolight.
Taiwan's TAIEX , 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
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May 27, 2023 08:52 ET (12:52 GMT)
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