After Nvidia's blowout guidance, here is the percent of revenue other companies will get from AI this year.

Verra Mobility Corp

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Verra Mobility Corporation provides smart mobility technology solutions across the United States, Australia, Europe and Canada. The Company has three segments. Commercial Services segment is a provider of automated toll and violations management, and title and registration solutions to rental car companies (RACs) and fleet management companies (FMCs) and other large fleet owners in North America. In Europe, the segment provides violations processing through Euro Parking Collection plc and consumer tolling services through Pagatelia S.L.U. Government Solutions segment is a provider of automated safety solutions in the United States, Canada and Australia to state and local governments. In the United States, the segment provides government agencies with road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. Parking Solutions segment provides an end-to-end commercial parking management solutions in the markets of North America.

After Nvidia's blowout guidance, here is the percent of revenue other companies will get from AI this year.

8:52 am ET May 27, 2023 (MarketWatch) Print

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

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 27, 2023 08:52 ET (12:52 GMT)