Nvidia Corp. (NVDA) is our top pick in semiconductors, providing CPU-based computing architecture that enables generative AI. As the key supplier of “picks and shovels” in the generative AI gold rush, Nvidia has seen its revenue and profit soar, recounts Jim Kelleher, analyst at Argus Research.
Nvidia’s products and solutions span hardware (GPUs, CPUs, clusters, and supercomputers); multiple new software products and inference platforms; acceleration libraries; and new cloud services and AI foundations.
At the company’s annual GTC Conference in March 2025, CEO Jensen Huang used the keynote address to describe new products, the cadence of Blackwell production, enhanced partnerships, and new foundation models. Nvidia provided detail on new products for the age of reasoning AI, including Blackwood Ultra and the upcoming Rubin family of GPUs.
After primarily providing compute solutions for hyperscaler data centers, Nvidia’s market opportunity has expanded out into fast-developing enterprise, sovereign, and neocloud AI opportunities.
Nvidia’s broadening AI opportunities include multiple deals and partnerships with companies such as Oracle Corp. (ORCL), Samsung, Palantir Technologies Inc. (PLTR), Nokia Corp. (NOK), and SK Hynix; with sovereign entities including Korea and the United Arab Emirates; and with neoclouds including CoreWeave and others.
Nvidia has been particularly active in advancing US technology on-shoring and production, with multiple partnerships announced at its GTC Washington event held in October 2025.
We recommend establishing or adding to positions in this preeminent vehicle for participation in the AI economy. We believe that most technology investors should own NVDA in the age of deep learning, AI, and GPU-driven applications acceleration levels.
Recommended Action: Buy NVDA.
