10 Trending Stocks to Watch as Brad Gerstner Explains Tailwinds for AI Trade – ’10x Manhattan Project’

2. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 235

James Van Geelen, the founder and portfolio manager at Citrini Research, was recently asked during a Bloomberg podcast why NVIDIA Corp (NASDAQ:NVDA) is investing in its own customers if the demand for its AI chips is real. Here is what Geelen said, focusing on the “not skeptical” view of the matter:

“I could take the very skeptical view or the kind of not skeptical view. The non-skeptical view is the best thing for Nvidia is that we accomplish AGI. So anything that it can do to get us closer to that massive, massive infrastructure that’s required for that is great for them as quickly as possible. As quickly as possible. Because every year that you don’t achieve a GI becomes less likely. So that is maybe the core factor. And then there’s, it’s good for, for them and yeah, the, the and playing into that, the, because this, this isn’t necessarily like the.com bubble because the.com bubble had fiber and then it had, you know, pets.com and, and Amazon and all that stuff. This is all pretty much CapEx Right? Tech is capital intensive again, which means that it’s, it, the bust won’t necessarily be like the.com bubble where it gives the real players time to shine. If the CapEx spending grinds to a halt because the market goes down, that’s the worst thing in the world. So in a way it’s also, it’s in their interest obviously to make sure that that doesn’t happen.”

Baird Chautauqua International and Global Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) reported first quarter results that were extremely solid. The company took a write-down on China-specific datacenter products and flushed out any future China contributions from their guidance, following the new export restrictions introduced in April. Demand commentary ex China was extremely encouraging—Nvidia is outgrowing expectations despite supply constraints and outgrowing competing ASIC products by a large margin. We have been underweight Nvidia relative to the benchmark, which was up 46% in the quarter, given our short-to medium-term concerns that the feverish AI datacenter build may be resulting in overcapacity, which has not come to bear.”