Nvidia’s (NASDAQ:NVDA) stock price has been on a tear in recent years, and is undoubtedly the best-performing mega-cap stock in the market. On certain days, NVDA stock looks more like a penny stock than a $3 trillion behemoth, but that’s just the way the markets seem to operate in this era of heightened options volume and increased volatility.
This stock is up more than 500% since early 2023 on strong AI chip demand. The company has seen continuous triple-digit revenue and earnings growth, something that’s a rarity among many companies, particularly those in this market capitalization echelon.
That said, Nvidia’s growth could benefit other suppliers that are largely hidden away from the view of most investors. Here are three such companies that could benefit from Nvidia’s meteoric rise, and see similar surges of their own.
This post originally appeared at 24/7 Wall St.