Saxo Markets chief investment strategist Charu Chanana said NVIDIA's results strongly validate the AI infrastructure investment case. As capacity expands, storage, networking, optical communications, power infrastructure and some cloud providers should benefit, but markets increasingly need to see AI investment deliver returns. Storage remains a clear beneficiary; NVIDIA's margin guidance confirms supply tightness. Asian storage-chip stocks largely rose after the results. Chanana added the next

Saxo Markets chief investment strategist Charu Chanana said NVIDIA's results strongly validate the AI infrastructure investment case. As capacity expands, storage, networking, optical communications, power infrastructure and some cloud providers should benefit, but markets increasingly need to see AI investment deliver returns. Storage remains a clear beneficiary; NVIDIA's margin guidance confirms supply tightness. Asian storage-chip stocks largely rose after the results. Chanana added the next phase of any storage-chip rally will depend more on AI demand and whether per-accelerator storage capacity can absorb rising supply, rather than on supply shortages alone supporting prices.