Four stocks outperformed Nvidia after reporting stronger-than-expected second-quarter earnings, according to Yahoo Finanza. The outlet did not name the four companies in the available summary.
The report comes as Nvidia posted quarterly revenue of $96.2 billion, more than double year-over-year, per Forbes Italia. Despite beating analyst expectations, Nvidia's results did not lift European markets on August 27, with Milan opening weak and oil prices declining, as reported by la Repubblica.
Italian tech stocks, including STMicroelectronics and Prysmian, gained on the Nvidia effect, according to Borsa Italiana. Analysts cited by Il Sole 24 ORE said the AI bubble remains sustainable, with tech stocks leading gains.
Yahoo Finanza's finding suggests that some companies delivered even better earnings momentum than Nvidia in the same period. The specific stocks and their earnings figures were not detailed in the source material.
Nvidia's revenue surge reflects continued demand for AI chips, but the market response was muted in Europe. The mixed reaction indicates investors are weighing high valuations against strong fundamentals.
The four unnamed stocks highlight that Nvidia's dominance does not guarantee it will be the top performer every quarter. Investors may want to watch whether these companies can sustain their outperformance in the third quarter, and whether Nvidia's growth rate remains unmatched.
