Josh Brown Explains Why NVIDIA (NVDA) ‘Still The Most Obvious’ Stock to Play AI Trade

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 90% of the GPU market, which is expected to reach $3 to $4 trillion by 2030, according to Jensen Huang. McKinsey sees data center CapEx hitting $6.7 trillion with no slowdown in sight in the short term. Nvidia’s next-generation GPU series Rubin is coming in 2026, and the company also has a software edge in AI computing with its CUDA platform, which is now the de facto standard for AI programming. With no competitor and rising global demand for its chips, Nvidia is a very strong market position.

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.”

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Disclosure: None. This article is originally published at Insider Monkey.