# How Do Chip and AI Stocks Move After Nvidia Earnings?

> What Nvidia, AMD, Broadcom, TSMC, Micron, Super Micro, Arm, the chip index and the Nasdaq‑100 did the day and the week after each of Nvidia’s last 16 reports, and what to watch on Nov 17.

Source: https://www.exent.ai/resources/chip-stocks-after-nvidia-earnings · Reviewed by David, Senior Analyst, Exent · Published Nov 8, 2026 · Updated Nov 8, 2026

## Key takeaways

- After Nvidia’s last 16 reports, the PHLX Semiconductor index rose the next session 10 times (median +0.5%). Nvidia rose 8 times and moved 6.7% on average, about 3 times its typical day.
- The chip index’s median return was more positive in Nvidia’s up sessions: in the 8 sessions Nvidia rose, the chip index’s median move was +2.0%; in the 8 it fell, −0.1%. SMH moved the same way as Nvidia 12 times of 16, Broadcom 13, AMD 8.
- Super Micro Computer swung most: 8.1% on average the next session, from −16.0% to +32.9%. The Nasdaq‑100 (QQQ) moved 1.2%, against 0.9% on a typical day.
- Nvidia fell after 3 of its last 4 reports (Nov 19, 2025: −3.1%; Feb 25, 2026: −5.5%; May 20, 2026: −1.8%; Aug 26, 2026: +8.7%). It reports next on Nov 17, 2026, after the close.

## How did chip stocks move the day after each Nvidia report?

The chip index rose after 10 of Nvidia’s last 16 reports, with a median next‑session move of +0.5%; Nvidia itself rose after 8, with a median of −0.4%. Each row is one report, from Nov 16, 2022 to Aug 26, 2026. Nvidia released every one of them after the US close, so the move runs from that day’s close to the close of the next trading session.

| Nvidia report | [NVDA](https://www.exent.ai/stocks/nvda#earnings) | SOX index | [SMH](https://www.exent.ai/etfs/smh) | [AMD](https://www.exent.ai/stocks/amd) | [AVGO](https://www.exent.ai/stocks/avgo) | TSM | [MU](https://www.exent.ai/stocks/mu) | [SMCI](https://www.exent.ai/stocks/smci) | [ARM](https://www.exent.ai/stocks/arm) | [QQQ](https://www.exent.ai/etfs/qqq) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Aug 26, 2026 | +8.7% | +2.3% | +3.1% | −0.9% | +4.5% | +2.3% | −0.3% | +2.9% | +1.6% | +1.4% |
| May 20, 2026 | −1.8% | +1.3% | +0.6% | +0.5% | −0.8% | +1.4% | +4.1% | 0.0% | +16.2% | +0.2% |
| Feb 25, 2026 | −5.5% | −3.2% | −3.3% | −3.4% | −3.2% | −2.8% | −3.1% | −3.9% | −1.9% | −1.2% |
| Nov 19, 2025 | −3.1% | −4.8% | −4.2% | −7.8% | −2.1% | −1.7% | −10.9% | −6.4% | −3.3% | −2.4% |
| Aug 27, 2025 | −0.8% | +0.5% | +0.4% | +0.9% | +2.8% | −0.4% | +3.6% | −1.8% | +1.3% | +0.6% |
| May 28, 2025 | +3.3% | +0.5% | +0.7% | +0.1% | +1.1% | +0.5% | +0.7% | −1.9% | −5.5% | +0.2% |
| Feb 26, 2025 | −8.5% | −6.1% | −6.2% | −5.0% | −7.1% | −7.0% | −6.0% | −16.0% | −6.2% | −2.8% |
| Nov 20, 2024 | +0.5% | +1.6% | +1.5% | −0.1% | +0.4% | +1.5% | +4.5% | +15.1% | −0.4% | +0.4% |
| Aug 28, 2024 | −6.4% | −0.6% | −1.2% | −0.6% | −0.8% | 0.0% | +0.8% | +1.2% | +5.3% | −0.1% |
| May 22, 2024 | +9.3% | 0.0% | +1.4% | −3.1% | +0.1% | +0.6% | 0.0% | −3.0% | +0.1% | −0.5% |
| Feb 21, 2024 | +16.4% | +5.0% | +6.8% | +10.7% | +6.3% | +3.0% | +5.4% | +32.9% | +4.2% | +2.9% |
| Nov 21, 2023 | −2.5% | +0.3% | −0.2% | +2.8% | −0.9% | +0.3% | +0.5% | −1.1% | +5.3% | +0.4% |
| Aug 23, 2023 | +0.1% | −3.4% | −2.6% | −7.0% | −2.5% | −1.8% | −2.3% | −5.4% | — | −2.1% |
| May 24, 2023 | +24.3% | +6.8% | +8.6% | +11.2% | +7.3% | +12.0% | +4.6% | +23.4% | — | +2.4% |
| Feb 22, 2023 | +14.0% | +3.3% | +3.5% | +4.1% | +1.3% | +3.8% | +3.1% | +8.8% | — | +0.9% |
| Nov 16, 2022 | −1.4% | +1.1% | +0.8% | +1.6% | +0.1% | +2.5% | −0.2% | +5.8% | — | −0.2% |

Arm Holdings listed in September 2023, so it has 12 rows. The biggest reaction was after the May 24, 2023 report: Nvidia +24.3%, the chip index +6.8% and Super Micro Computer +23.4%. The worst day for the index was after the Feb 26, 2025 report, when it fell 6.1% and Nvidia 8.5%. Nvidia’s single biggest drop was −8.5%, after Feb 26, 2025. Nvidia’s own revenue and earnings per share against estimates, report by report, are on the [Nvidia stock page](https://www.exent.ai/stocks/nvda#earnings).

## Do chip stocks go up after Nvidia earnings?

Slightly more often than not, but not reliably: the chip index rose after 10 of 16 reports and fell after 6. The median moves are small; the size of the moves is the clearer pattern. On the report’s next session the index moved 2.5% on average, up or down, against 1.8% on a typical day in the same period.

|  | Rose next session | Median next session | Average size of move | Typical day | Same direction as Nvidia |
| --- | --- | --- | --- | --- | --- |
| [Nvidia (NVDA)](https://www.exent.ai/stocks/nvda#earnings) | 8 of 16 | −0.35% | 6.7% | 2.2% | — |
| SOX index | 10 of 16 | +0.52% | 2.5% | 1.8% | 10 of 16 |
| [VanEck Semiconductor ETF (SMH)](https://www.exent.ai/etfs/smh) | 10 of 16 | +0.64% | 2.8% | 1.7% | 12 of 16 |
| [AMD (AMD)](https://www.exent.ai/stocks/amd) | 8 of 16 | +0.03% | 3.7% | 2.6% | 8 of 16 |
| [Broadcom (AVGO)](https://www.exent.ai/stocks/avgo) | 9 of 16 | +0.08% | 2.6% | 2.0% | 13 of 16 |
| TSMC (TSM) | 10 of 16 | +0.56% | 2.6% | 1.8% | 12 of 16 |
| [Micron (MU)](https://www.exent.ai/stocks/mu) | 9 of 16 | +0.57% | 3.1% | 2.7% | 9 of 16 |
| [Super Micro Computer (SMCI)](https://www.exent.ai/stocks/smci) | 7 of 16 | −0.55% | 8.1% | 4.1% | 10 of 16 |
| [Arm Holdings (ARM)](https://www.exent.ai/stocks/arm) | 7 of 12 | +0.72% | 4.3% | 3.3% | 6 of 12 |
| [Invesco QQQ (Nasdaq‑100) (QQQ)](https://www.exent.ai/etfs/qqq) | 9 of 16 | +0.20% | 1.2% | 0.9% | 11 of 16 |

“Average size of move” ignores direction. “Typical day” is the average one‑day move, up or down, on every trading day from Nov 16, 2022 to Nov 6, 2026. Among the six stocks, Broadcom followed Nvidia’s direction most often (13 of 16) and AMD (8 of 16) and Arm Holdings (6 of 12) least often. For how every US stock moves on its own report, see [how much stocks move after earnings](https://www.exent.ai/resources/how-stocks-move-after-earnings).

## Does Nvidia earnings affect other stocks?

In this data the moves were larger than usual, and the direction matched less reliably (this does not separate Nvidia’s report from other news): when Nvidia rose the next session (8 times), the chip index’s median move was +2.0%; when Nvidia fell (8 times), it was −0.1%. Other news on the same day also moves these stocks, so the data show what happened together, not that Nvidia’s report caused it.

|  | Median when Nvidia rose (8) | Median when Nvidia fell (8) |
| --- | --- | --- |
| SOX index | +2.0% | −0.1% |
| [VanEck Semiconductor ETF](https://www.exent.ai/etfs/smh) | +2.3% | −0.7% |
| [AMD](https://www.exent.ai/stocks/amd) | 0.0% | −0.1% |
| [Broadcom](https://www.exent.ai/stocks/avgo) | +1.2% | −0.9% |
| TSMC | +1.9% | −0.2% |
| [Micron](https://www.exent.ai/stocks/mu) | +1.9% | +0.1% |
| [Super Micro Computer](https://www.exent.ai/stocks/smci) | +5.8% | −1.4% |
| [Arm Holdings](https://www.exent.ai/stocks/arm) | +0.1% | +1.3% |
| [Invesco QQQ (Nasdaq‑100)](https://www.exent.ai/etfs/qqq) | +0.6% | −0.2% |

Two patterns stand out. The chip index’s median return was more positive in Nvidia’s up sessions: on Nvidia’s down sessions, the chip index’s median move was close to flat. And Super Micro Computer swung hardest: 8.1% on average, about 2.0 times its typical day. Each stock’s row also includes its own news from the same session, which this page does not separate out. AMD followed Nvidia’s direction only 8 times of 16. The broader market moved too, but far less: QQQ 1.2% on average. Where these companies sit in the AI supply chain is in the [AI compute supply chain](https://www.exent.ai/resources/ai-compute-supply-chain).

## What happened over the following week?

Over five sessions the chip index rose after 10 of 16 reports, with a median of +1.0%, and Nvidia after 8, with a median of +0.3%. The first session did not settle the week: after the May 20, 2026 report Nvidia fell 1.8% the next day and 4.1% over five sessions, while the chip index rose 8.6% and Micron 26.2%.

|  | Rose over 5 sessions | Median | Best | Worst |
| --- | --- | --- | --- | --- |
| [Nvidia (NVDA)](https://www.exent.ai/stocks/nvda#earnings) | 8 of 16 | +0.3% | +30.2% | −14.7% |
| SOX index | 10 of 16 | +1.0% | +12.3% | −6.5% |
| [VanEck Semiconductor ETF (SMH)](https://www.exent.ai/etfs/smh) | 9 of 16 | +2.1% | +13.3% | −6.9% |
| [AMD (AMD)](https://www.exent.ai/stocks/amd) | 8 of 16 | −0.1% | +15.8% | −5.0% |
| [Broadcom (AVGO)](https://www.exent.ai/stocks/avgo) | 10 of 16 | +2.0% | +16.3% | −10.0% |
| TSMC (TSM) | 9 of 16 | +0.5% | +9.7% | −7.8% |
| [Micron (MU)](https://www.exent.ai/stocks/mu) | 11 of 16 | +1.3% | +26.2% | −6.6% |
| [Super Micro Computer (SMCI)](https://www.exent.ai/stocks/smci) | 7 of 16 | −0.9% | +37.8% | −23.9% |
| [Arm Holdings (ARM)](https://www.exent.ai/stocks/arm) | 4 of 12 | −2.5% | +30.6% | −10.2% |
| [Invesco QQQ (Nasdaq‑100) (QQQ)](https://www.exent.ai/etfs/qqq) | 10 of 16 | +0.4% | +6.1% | −2.4% |

## When is Nvidia’s next earnings date, and what to watch on Nov 17

Nvidia reports its fiscal third‑quarter results on Nov 17, 2026, after the US close, with a conference call at 5 p.m. ET, [according to the company’s Oct 28 announcement](https://nvidianews.nvidia.com/news/nvidia-sets-conference-call-for-third-quarter-financial-results-6928873); the release itself is due about 4:20 p.m. ET. The first full session to react is Nov 18, 2026. Nothing on this page predicts how the stocks will move.

It comes after a sharp fall: Nvidia closed at $181.60 on Nov 5 after falling 9.3% that day, and at $186.64 on Nov 6. The wider chip selloff is covered in [why chip stocks are falling](https://www.exent.ai/resources/why-are-chip-stocks-falling).

- Data‑center revenue: the segment that sells AI chips and systems.
- Guidance for the next quarter: compare management’s outlook with the results just reported; see [guidance](https://www.exent.ai/learn/guidance).
- Gross margin and supply comments, which reach memory, foundry and server makers.
- The size of the first move against history: in this data Nvidia’s next‑session moves ranged from −8.5% to +24.3%, and the chip index’s from −6.1% to +6.8%.
- Whether the other names follow: the chip index matched Nvidia’s direction in 10 of 16 sessions, not all of them.

## Method and caveats

- Reports: Nvidia’s last 16 quarterly reports, Nov 16, 2022 to Aug 26, 2026, all released after the US close. Data as of the Nov 6, 2026 close.
- Next session: the close of the report day to the close of the next trading day. Five sessions: to the close of the fifth trading day after the report day.
- Prices: daily closing prices adjusted for splits and dividends, from Exent price data (Nvidia’s 10‑for‑1 split in June 2024 is adjusted). The PHLX Semiconductor index (SOX) is the index level, price only. SMH is the VanEck Semiconductor ETF; QQQ tracks the Nasdaq‑100.
- Typical day: the average absolute one‑day move on every trading day from Nov 16, 2022 to Nov 6, 2026, including report days.
- Arm Holdings listed on Sep 14, 2023, so it has 12 rows. A move of exactly 0.0% counts as not rising.
- 16 reports is a small sample. Other news (other companies’ results, economic data, company‑specific events) falls on the same sessions, so the figures describe moves that happened together, not their causes.
- Past performance does not guarantee future results. Historical figures are calculated by Exent from market data and are for education only; they are not investment advice or a recommendation to buy or sell any security.

## After the report

Chip stocks have moved more than usual on the session after Nvidia reports. Which of these chip names the best‑ranked analysts have been raising targets on, and which they have gone quiet on, is locked in Exent Gems.

1. Stocks Radar tracks thousands of Wall Street analysts and ranks them by the past accuracy of their calls.
2. Gems are our top picks: stocks where several of the best‑rated analysts (4★+ in our scoring) agree; our hunt for the next big winners, not a promise. Current Gems are for members only.

Exent is our product: [Exent Gems](https://www.exent.ai/radar)

## Frequently asked questions

### Does Nvidia earnings affect other stocks?

Chip stocks moved more than usual after Nvidia’s reports. Over the last 16, the PHLX Semiconductor index moved 2.5% on average the next session, against 1.8% on a typical day, and went the same way as Nvidia 10 times. The calculation does not separate Nvidia’s report from other news on those days.

### Does Nvidia earnings affect the stock market?

In this data the broad market moved only slightly more than usual. After Nvidia’s last 16 reports the S&P 500 fund SPY moved 0.76% on average the next session, against 0.67% on a typical day, and rose 10 times out of 16 (median +0.28%). Chip stocks moved far more; the broad market includes many companies with no link to Nvidia’s results.

### When is Nvidia’s next earnings date?

Nvidia reports fiscal third-quarter results on Nov 17, 2026, after the US market close, with a conference call at 5 p.m. ET, according to the company’s Oct 28, 2026 announcement. The first session to react is Nov 18, 2026.

### Do chip stocks go up after Nvidia earnings?

Not reliably. After Nvidia’s last 16 reports the PHLX Semiconductor index rose the next session 10 times and fell 6 times, with a median move of +0.5%. When Nvidia rose, the index’s median was +2.0%; when Nvidia fell, −0.1%.

### How much does Nvidia stock move after earnings?

6.7% on average, up or down, the session after each of its last 16 reports, about 3 times its typical day. It rose 8 times; the range was −8.5% to +24.3%.

### Which chip stock moves the most after Nvidia earnings?

Super Micro Computer, at 8.1% on average the next session over the last 16 reports, followed by Arm Holdings at 4.3%. Each figure also includes any company news from the same session.

## Sources

1. [NVIDIA sets conference call for third-quarter financial results](https://nvidianews.nvidia.com/news/nvidia-sets-conference-call-for-third-quarter-financial-results-6928873) — NVIDIA, 2026-10-28

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Educational content, not investment advice. Past performance does not guarantee future results.