---
title: "Why Are Nvidia, Micron, AMD, Marvell, and Broadcom Stocks Rising Today? August 4"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294836141.md"
description: "Shares of Nvidia, Micron, AMD, Marvell, and Broadcom rose following Palantir's strong Q2 earnings and raised guidance, signaling sustained AI infrastructure spending. This optimism was bolstered by Amazon's AWS growth news. Investors are now focused on AMD's upcoming earnings report, which is expected to further validate demand for AI accelerators. All five stocks hold Strong Buy ratings, with Micron showing the highest potential upside."
datetime: "2026-08-04T13:42:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294836141.md)
  - [en](https://longbridge.com/en/news/294836141.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294836141.md)
generator: "portal-rs"
---

# Why Are Nvidia, Micron, AMD, Marvell, and Broadcom Stocks Rising Today? August 4

Shares of Nvidia (NVDA), Micron (MU), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Broadcom (AVGO) moved higher in Tuesday's early trading after Palantir Technologies (PLTR) reported stronger-than-expected second-quarter results and raised its full-year revenue forecast.

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The strong report reassured investors that companies continue to spend heavily on artificial intelligence. That optimism spread across AI infrastructure stocks, including chipmakers that supply GPUs, memory, networking chips, and custom silicon.

## **Palantir Reinforces the AI Spending Story**

Palantir reported second-quarter revenue of $1.94 billion, up 93% from a year ago and above Wall Street's estimate of $1.80 billion. The company also raised its full-year revenue guidance to $8.15 billion to $8.16 billion, citing strong demand for its Artificial Intelligence Platform (AIP).

The strong report lifted shares of Palantir by more than 17% in early Tuesday trading. They also lifted semiconductor stocks, as investors viewed the report as another sign that AI spending remains strong.

The upbeat earnings came just days after Amazon (AMZN) reported its fastest Amazon Web Services (AWS) growth in more than four years. CEO Andy Jassy views that AWS could eventually become a $1 trillion revenue business. Together, the two reports have strengthened confidence that companies continue investing in AI infrastructure.

## **Why AI Software Helps Chipmakers**

Strong demand for AI software also benefits the companies that supply the hardware behind it.

As more businesses deploy AI applications, demand rises for graphics processors from Nvidia, high-bandwidth memory from Micron, and AI processors from AMD. It also supports demand for networking chips and custom silicon from Broadcom and Marvell.

Palantir's results also eased concerns that companies may be slowing their AI spending. That supported shares of chipmakers that supply the hardware behind AI systems.

## **AMD Earnings Are Up Next**

Investors are now turning their attention to AMD, which is scheduled to report its second-quarter results after Tuesday's closing bell. Wall Street expects AMD to report earnings per share (EPS) of $1.62, up more than 237% from a year ago. At the same time, revenue is expected to rise 47% to $11.31 billion.

The earnings report will provide another update on demand for AI accelerators and data center processors. Strong results could reinforce the positive sentiment across the semiconductor sector.

## **Which AI Stock Does Wall Street Prefer?**

According to the TipRanks Stock Comparison Tool, Nvidia, Micron, AMD, Marvell Technology, and Broadcom all carry Strong Buy consensus ratings.

Among the group, Micron offers the highest upside based on Wall Street's average price target at 80.56%. Nvidia follows with 46.08% upside, while Broadcom, Marvell Technology, and AMD round out the list.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**