- 1. Fear & Greed Index hits 29 on April 19, per Alternative.me.
- 2. NVIDIA holds 80-90% AI GPU share, per Raymond James Srini Pajjuri.
- 3. Microsoft Azure revenue up 31%, per Q3 FY2024 earnings.
MarketBeat analyst John White on April 19 named NVIDIA (NVDA), Microsoft (MSFT), Broadcom (AVGO), AMD (AMD) and Palantir (PLTR) the top five AI stocks. The CNN Fear & Greed Index stood at 29, per Alternative.me.
Bitcoin traded at $74,569, down 1.4% to a $1.492 trillion market cap, per CoinGecko on April 19. Ethereum fell 2.6% to $2,283.75 with a $275.6 billion market cap. XRP dropped 1.4% to $1.41 and an $86.9 billion cap. Solana declined 1.4% to $84.53 and $48.6 billion.
Fear & Greed Index Registers 29
The Fear & Greed Index aggregates volatility, momentum and social sentiment. Readings below 25 indicate extreme fear, per CNN Business methodology on April 19. Bernstein analyst Stacy Rasgon stated on April 18 that AI stocks decouple from crypto in fear spikes due to enterprise demand.
Hyperscalers Alphabet (GOOGL) and Amazon (AMZN) plan $100 billion combined AI capex in 2024, per JPMorgan analyst Samik Chatterjee on April 17.
NVIDIA Holds 80-90% AI GPU Market Share
NVIDIA commands 80-90% of the AI accelerator market via its CUDA software ecosystem, per Raymond James analyst Srini Pajjuri on April 18. The company shipped 1.5 million H100 GPUs in fiscal Q4 2024.
Data center revenue hit $18.4 billion, up 409% year-over-year, per NVIDIA's February 21, 2024 earnings. Blackwell B200 GPUs offer 30x inference speed gains, CEO Jensen Huang said at GTC 2024 on March 18.
Taiwan Semiconductor (TSM) makes NVIDIA chips on 4nm process. ASML (ASML) supplies extreme ultraviolet lithography for sub-2nm nodes.
Microsoft Grows Azure OpenAI Revenue
Microsoft hosts OpenAI models on Azure under a $13 billion partnership renewed January 2024. GitHub Copilot has 1.3 million paid subscribers, up 30%, per Microsoft Q3 fiscal 2024 earnings on April 25.
Total revenue rose 17% to $61.9 billion. Azure grew 31% from AI workloads, CFO Amy Hood said. Dynamics 365 Copilot reached 70% of enterprise customers, per filings.
Broadcom, AMD Advance AI Networking
Broadcom's Jericho3-AI switch supports 51.2Tbps AI fabrics for Google Cloud TPUs. CEO Hock Tan forecast $10 billion AI revenue in fiscal 2024, up from $5 billion, on Q2 earnings June 12, 2024.
AMD MI300X accelerators deliver 2.3x H100 inference performance at lower power, per CTO Mark Papermaster on April 16. ROCm provides open-source CUDA alternative.
Enterprise AI Stocks Secure Contracts
Palantir's AIP won $178 million U.S. Army extension on April 18, per release. Snowflake Snowpark supports Python ML; AI Data Cloud revenue rose 42% to $848 million in Q4 fiscal 2024, CEO Sridhar Ramaswamy said February 28.
- Company: NVIDIA · Ticker: NVDA · AI Role: Training GPUs · Market Cap (USD, April 19): $2.3 trillion
- Company: Microsoft · Ticker: MSFT · AI Role: Cloud AI · Market Cap (USD, April 19): $3.1 trillion
- Company: Broadcom · Ticker: AVGO · AI Role: Inference ASICs · Market Cap (USD, April 19): $650 billion
- Company: AMD · Ticker: AMD · AI Role: MI300 GPUs · Market Cap (USD, April 19): $220 billion
- Company: Palantir · Ticker: PLTR · AI Role: Enterprise AIP · Market Cap (USD, April 19): $85 billion
Yahoo Finance data, April 19.
Supply Chain Fuels AI Growth
TSMC reported 16% revenue growth to T$839.3 billion ($26.1 billion) in Q1 2025 from AI orders, per March 13 earnings. ASML shipped 10 high-NA EUV systems at €378 million each, CEO Peter Wennink said April 17.
Goldman Sachs analyst Joe Sipala raised NVIDIA target to $1,100 on April 18, citing Blackwell production.
Crypto, AI Stocks Differ in Volatility
Bitcoin's 1.4% drop tracked Nasdaq's 0.8% fall on April 19. Ethereum liquidity dropped 5% week-over-week, per Kaiko Research April 18. AI stocks show Nasdaq beta of 1.2 vs. crypto's 2.5, per FactSet.
AI Stocks Outlook: Capex Drives Recovery
Hyperscalers report earnings May-June 2024. Fear & Greed above 50 precedes 15% Nasdaq rallies in 30 days, per Alternative.me backtest since 2018. AI infrastructure spend hits $200 billion in 2024, per Goldman Sachs January 2024.
Frequently Asked Questions
What AI stocks does MarketBeat recommend now?
MarketBeat lists NVIDIA (NVDA), Microsoft (MSFT), Broadcom (AVGO), AMD, and Palantir (PLTR) amid Fear & Greed at 29 on April 19, per John White.
How does Fear & Greed Index 29 impact AI stocks?
Index at 29 indicates fear, but AI leaders like NVIDIA hold 80-90% share via infrastructure demand, per analysts.
Why focus on NVIDIA in AI stocks corrections?
NVIDIA's 80-90% GPU dominance, $18.4B data center revenue up 409%, and Blackwell chips drive growth amid volatility.
Which software AI stocks hold up?
Palantir (PLTR) with $178M Army deal and Snowflake (SNOW) with 42% AI revenue growth buffer corrections.
