Co-movers

daily closes · 499dMethod

Moved together

NVDAwithAIP

×0.84co-movement · AIP on NVDA · 499d

r 0.45scale to r 0.75

Shared co-movers1with NVDAwith AIP

RMBSRambus Incr 0.52r 0.59

NVDA, solidAIP, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

NVDANvidia Corp

204.27· pre 207.60

Mkt cap$4.9TRevenue$96.2BQ2 FY27Revenue$216BFY26

AIPArteris, Inc.

18.76· pre 18.54· delayed

Pre-marketSep 2 '83

Mkt cap$924.1MRevenue$24MQ2 FY26Revenue$71MFY25

vs

Compare

Pre-marketSep 2 '83

NVDANvidia Corp

vs

AIPArteris, Inc.

204.27pre 207.60

Price

18.76pre 18.54delayed

$4.9T

Mkt cap

$924.1M

Q2 FY27$96.2B

Revenue

$24MQ2 FY26

FY26$216B

Revenue

$71MFY25

NVDA compared with AIP: revenue, margins and what each company keeps, and the suppliers and customers both name