We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term.
Nvidia Corp (NASDAQ:NVDA) ranks #7 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term)
Short Interest: 1.2% Nvidia shares were down about 1.6% despite beating quarterly estimates. It’s becoming predictable: Nvidia keeps beating estimates, and yet the market does not care much as its expectations are extremely high. But this weakness could be a long-term buying opportunity.
Nvidia Corp (NASDAQ:NVDA) remains the clear winning pick-and-shovel name in the AI revolution. It makes high-performance GPUs used to train and run large AI models, and since nearly every major AI company depends on this compute power, demand has remained extremely strong. This tight supply-demand balance has led to a GPU shortage.