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, -0.49% clearly leads, at up to 60%, but there are several in the 10% region: Broadcom AVGO, -1.02%, Marvell MRVL, -1.31%, Micron MU, +0.79% and Zhongji Innolight 300308, +6.28%.
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, +7.76%, Aspeed 5274, -0.55%, Quanta 2382, +7.58%, Chroma 2360, +1.54%, Elite Material 2383, +7.09%, Taiwan Semiconductor Manufacturing 2330, +3.43% TSM, -0.34%, SK Hynix 000660, +5.94%, and Zhongji Innolight.
Taiwan’s TAIEX Y9999, +0.82%, 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
This article was originally published by Marketwatch.com. Read the original article here.
