Nvidia (NASDAQ: NVDA) just delivered another monster earnings report, once again proving why it’s the undisputed leader of the AI trade. With record-breaking revenue of $39.3 billion for Q4, a forecasted $43 billion next quarter, and the fastest product ramp in company history with its new Blackwell AI chips, the market is paying attention.
NVDA’s earnings aren’t just a tech sector event—they set the tone for AI stocks across the board, from mega-cap names to the smallest AI penny stocks. And when Nvidia moves, AI penny stocks react.
Here’s a breakdown of the AI penny stocks to watch after Nvidia’s latest earnings.
Check out my full AI penny stock watchlist here!
Applied Digital Corp (NASDAQ: APLD) – The AI Penny Stock That Nvidia Is Still Invested In
APLD is one of the few AI penny stocks that Nvidia has kept a stake in—and that alone makes it worth watching.
- Nvidia first invested in APLD on September 5, 2024.
- The stock ran from under $4 to $12 in February 2025—a 280% move.
- After a pullback, APLD is still holding gains and could set up for another push.
With Nvidia still backing the stock, APLD remains one of the best AI penny stock candidates for a bounce. If momentum in AI continues, this is a prime watch for March.
SoundHound AI Inc (NASDAQ: SOUN) – The AI Voice Stock Nvidia Dumped
SOUN soared 350%* in 2024 after Nvidia’s investment—but then came the bad news.
- On February 14, Nvidia disclosed it sold its SOUN stake.
- The stock instantly dropped 30% on the news.
So why is it still on the list?
Because penny stocks love a comeback story.
Even without Nvidia, SOUN is still an AI play in a hot sector. If buyers step in, it could set up for a reversal. The key is watching for strong price action and confirmation of a tradeable setup.
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Firefly Neuroscience Inc (NASDAQ: AIFF) – The Nvidia-Connected AI Biotech Play
AIFF exploded after joining Nvidia’s Connect program on February 11, running 450%* in just three days.
- Ultra-low float of just 3.2 million shares—a recipe for massive volatility.
- Past spikers can spike again—especially those with Nvidia-related news.
Traders should keep AIFF on their radar. The Nvidia connection is a proven catalyst, and AIFF’s low float means another surge could come fast.
* Past performance isn’t indicative of future results
Final Thoughts – Where Do AI Penny Stocks Go From Here?
Nvidia’s earnings reinforced the AI trade’s strength, but not all AI stocks will benefit equally.
- APLD has Nvidia’s backing and is a top watch for continued momentum.
- SOUN lost Nvidia’s support but still has room for a short-term bounce.
- AIFF is a low-float rocket with a direct Nvidia connection.
With Nvidia’s dominance growing, AI penny stocks remain some of the most volatile and tradeable stocks in the market.
The key? Don’t chase hype—trade the setups.