Today is the day I look forward to like a kid on Christmas morning… or the opening Sunday of the NFL season. Nvidia (NVDA) reports after the bell, and for me - and for every serious tech investor - it’s the single most important event of the entire quarter.
Why? Because Nvidia isn’t just a company anymore. It’s the world’s largest company and the pulse of the AI revolution. Every data center buildout… every AI model upgrade… every robotics breakthrough… every autonomous system… every hyperscaler spending cycle - they all trace back to Nvidia’s GPUs.
What Nvidia Says Tonight Will Move The Entire Market.
Demand trends… next-gen product timelines… supply chain constraints… margins… hyperscaler commentary - tonight’s report will dictate the tone for tech, semiconductors, and AI for weeks.
If they crush expectations again? The AI trade reaccelerates.
If they hint at even slight cooling? Expect turbulence.
But as big as today is, here’s what I want you to remember:
Nvidia is the anchor - NOT the whole opportunity.
The next decade’s biggest winners won’t just be trillion-dollar giants. They’ll be the next wave of companies building alongside Nvidia and being pulled higher by AI’s exponential demand.
Two Emerging Winners Flying Under the Radar
1. Nebius Group (NBIS) – Up 227% YTD; Down 35% from the high
Nebius is becoming a next-generation cloud and AI infrastructure platform built specifically for the demands of modern AI workloads. Think of it as a more flexible, more specialized cloud built for the era of large-scale training, inference, and accelerated computing.
As enterprises scramble to deploy AI models - and as Nvidia GPUs remain the gold standard - Nebius stands to benefit from the need for scalable, high-performance AI cloud environments. It’s early, it’s fast-growing, and it’s aligned perfectly with AI infrastructure demand.
2. Astera Labs (ALAB) – Up 5% YTD; Down 47% from the high
This is one of the purest “picks-and-shovels” plays in the entire AI boom. Astera builds the connectivity hardware - CXL memory controllers, high-speed data interconnects, PCIe technologies - that allow Nvidia-driven AI systems to actually function at scale.
The more GPUs, servers, and racks deployed… the more mission-critical Astera’s components become. It’s a classic under-the-hood AI winner with huge leverage to data center growth.
No matter what Nvidia delivers tonight, the AI megatrend remains unstoppable.
Nvidia sets the tone…
Nebius (NBIS) and Astera Labs (ALAB) may help define the future.
Heres to your future,
Matt McCall
Founder, NXT Wave Research
