AI still has a long way to go, and that’s great for Nvidia

TheStreet Pro’s Chris Versace explains why he’s still bullish on Nvidia.

Transcript

00:00NVIDIA held its latest GTC event with CEO Jensen Wang once again delivering a keynote address that

00:08talked about the future promise of AI. Jensen also announced a number of partnerships for NVIDIA and

00:17to me it really says that yes, we are not only still in the relatively early innings of AI,

00:24but adoption of AI across a wider array of industries, companies is continuing to unfold.

00:32That keeps me bullish on NVIDIA, but also on other shares that we have in the pro portfolio,

00:37whether it's Marvell or Eaton as data center infrastructure continues to be built out,

00:43not just this year, but over the next several. You know, again, the market has been volatile of late.

00:49If you take a look at a chart of the market over the last six, seven months or so,

00:54a lot of the enthusiasm that we saw after the Trump election has kind of come out.

00:59I think that reset is a very good opportunity for folks to revisit names that are continuing

01:05to benefit from structural shifts in the economy that includes AI. So whether it's NVIDIA, Marvell,

01:13Eaton, or some of the others that are poised to benefit from the multi-year uptick in spending

01:19relating AI and data center build out, it is a great time indeed to revisit some of these names.