We recently published Top 10 Stock Recommendations You Can’t Miss Amid Growing AI Bubble Fears. NVIDIA Corp (NASDAQ:NVDA) is one of the top recommended stocks.
Josh Brown from CNBC recently said in a program that NVIDIA Corp (NASDAQ:NVDA) remains the best way to play the AI trade despite the stock’s bull run. He said most major AI deals end up benefiting NVIDIA Corp (NASDAQ:NVDA). Brown thinks investors should focus on the obvious winner in the space instead of thinking about the “next Nvidia.”
“NVIDIA Corp (NASDAQ:NVDA) is still the most obvious way to play the AI buildout theme. Just look at the CoreWeave deal today. It’s a $14.2 billion agreement with Meta. It’s great for CoreWeave because it diversifies them a little bit away from Microsoft and adds another monster company to their roster of clients in a very big way. But what does Meta get out of this? They’re getting access to NVIDIA Corp (NASDAQ:NVDA) Grace Blackwell 300 systems because CoreWeave already has that infrastructure in place and ready to go. This — all of this — benefit accrues to NVIDIA Corp (NASDAQ:NVDA) in the end. It may not go up the most from here relative to other AI plays, but it is the foolproof name for people that want to gain sector exposure or want to gain thematic exposure, and I don’t really see that changing. They’ve got this unbelievable competitive position. We’ve been talking about it on the show forever because it’s true, and everyone’s always like, well, what’s the next, what’s the new NVIDIA Corp (NASDAQ:NVDA)? There are other ways to play AI. We’ve seen other chip companies work out. I’ve talked about Lam Research on the show. We’ve had Broadcom. We’ve had AMD. But in the end, I still think people would be better off looking for the obvious answers and defaulting to them. And if you’ve done that with NVIDIA Corp (NASDAQ:NVDA), congratulations. We’re now breaking into a new range, and who knows how high this one can go.”
It’s hard to find cracks in Nvidia’s story in the short term. Why? Nvidia owns about…
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