Nvidia’s rising stock price takes fellow chip giants along for ride as renewed AI enthusiasm fuels fresh rally

Yesterday, after the stock market’s closing bell, Nvidia Corporation (Nasdaq: NVDA) reported its Q3 2026 financials.

Investors were eagerly anticipating the results, as the company is widely seen as a bellwether for the broader artificial intelligence market. Nvidia’s Q3 results were all the more anticipated as fears over an AI bubble have grown in recent months.

But those fears seem to be put to bed, at least temporarily. Nvidia didn’t just meet expectations. It beat them.

As a result, Nvidia’s stock price is jumping in premarket trading today—and it’s helping lift the stock prices of most other chipmakers and Big Tech giants. Here’s what you need to know.

Nvidia’s Q3 results lift NVDA’s stock price

Yesterday, Nvidia reported Q3 results that beat expectations. This includes revenue of $57.01 billion and an adjusted earnings per share (EPS) of $1.30. As noted by CNBC, LSEG analysts had expected Nvidia to post $54.92 billion in revenue and an adjusted EPS of $1.25.

But it wasn’t just these all-important beats that investors are celebrating.

Nvidia also said it expects revenue in its current Q4 to reach around $65 billion. Analysts had been expecting around $62 billion. Further, Nvidia CEO Jensen Huang started off the company’s financial call addressing fears about an AI bubble head-on.

“There’s been a lot of talk about an AI bubble,” Huang said. “But from our vantage point, we’re seeing something very different.”

He went on to detail three broad technological transitions, which he says are driving the AI industry.

As a result of the good news, Nvidia shares are jumping in premarket trading this morning, as of the time of this writing.

Currently, NVDA shares are up nearly 5% to almost $196 per share. Yesterday, NVDA shares closed up 2.85% to 186.52.

But over the past five-day period, NVDA shares had sunk 3.76% as fears of an AI bubble grew. However, based on Nvidia’s stock price this morning, the company’s quarterly results and forecast have allayed investors’ fears.

And Nvidia’s stock price isn’t the only one that is rising.

Chipmaking stocks jump after Nvidia’s earnings beat

Nvidia is a sort of bellwether for chipmaker stocks. If Nvidia is doing well or, more importantly, forecasting growth, many investors believe that growth potential could favorably affect other chipmaker stocks and the stock prices of the companies that those chipmakers rely on.

And today, it appears Nvidia is indeed having a “rising tide lifts all boats” effect on broader chip stocks.

As of this writing, major chipmakers and chip-adjacent companies are seeing their stock prices rise in pre-market, including:

• Advanced Micro Devices, Inc. (Nasdaq: AMD): up 4.3%
• Arm Holdings plc (Nasdaq: ARM): up 3.3%
• Broadcom Inc. (Nasdaq: AVGO):up 2.8%
• Intel Corporation (Nasdaq: INTC): up 1.8%
• Micron Technology, Inc. (Nasdaq: MU):up 2.3%
• NVIDIA Corporation (Nasdaq: NVDA): up 6%
• QUALCOMM Incorporated (Nasdaq: QCOM):up 0.8%
• Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM):up 2.5%

Big Tech shares are also rising after Nvidia’s earnings

It’s not just chip stocks that are getting a lift after Nvidia’s earnings.

As Nvidia is grouped in with the Magnificent Seven, its positive earnings often help lift the share prices of other tech giants, many of whom are deeply invested in the AI space.

As of the time of this writing, those other tech giants are also seeing green in premarket trading, including:

• Alphabet Inc. (Nasdaq: GOOG):up 1.9%
• Amazon.com, Inc. (Nasdaq: AMZN): up 1.6%
• Apple Inc. (Nasdaq: AAPL):up 0.4%
• Meta Platforms, Inc. (Nasdaq: META): up 1.2%
• Microsoft Corporation (Nasdaq: MSFT): up 1%
• Tesla, Inc. (Nasdaq: TSLA): up 1.9%

Of course, while investors are cheering Nvidia’s earnings beat this morning, plenty of industry watchers still have fears that an AI bubble could be upon us.

For now, Wall Street appears happy to put those fears on the back burner—at least until Nvidia’s fourth-quarter earnings approach in another three months.

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