The unexpected executive management shakeout at NVIDIA (NVDA) created opportunities for two of its competitors. Readers might consider them A+ stocks.
Advanced Micro Devices (AMD) would benefit from taking NVIDIA’s business. It has Instinct server platforms that have powerful CPUs and GPUs. The MI455X, for example, has 72 GPUs. AMD stock bottomed at $400 recently and closed at $585.30.
AMD announced on Nov. 12 that it expanded its partnership with PsiQuantum to co-design fault-tolerant and utility-scale quantum computers.
Broadcom (AVGO) rallied by 5.54% to close at $364.36. A disruption in Nvidia’s business would benefit Broadcom. Customer demand for its TPUs might rise. TPUs are used to accelerate machine learning and AI workloads.
Arista Networks (ANET) extended its rally to close at $206.63 (+5.06%). In its Q3 report, the firm posted strong revenue at an annualized growth rate of 58.5%. The firm expects AI fabrics to be its fastest-growing segment.
Other notable hot stocks for Thursday include Cisco Systems (CSCO). The firm posted a 32% increase in product sales Y/Y.
Cerebras Systems (CBRS) jumped by around 18% last night. It reported a non-GAAP loss of $0.67 on revenue of $210.8 million. Its strong outlook suggests that the firm will post a profit next year. It is forecasting core operating margins of 42%-44% for FY 2026.
