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Nvidia (NVDA) Will Stay Way Ahead of the Competition, Veteran Investor Says

None of Nvidia’s (NVDA) competitors will be able to develop more popular AI chips than NVDA, Ivan Feinseth,  the  Senior Partner and Chief Investment Officer (CIO) of Tigress Financial Partners told Schwab Network recently.

Feinseth added that he also remains bullish on Meta (META), Amazon (AMZN), Apple (AAPL), and Microsoft (MSFT), largely due to the strength of the AI Revolution.

NVDA Will Stay Ahead of the Competition, Feinseth Says

Nvidia’s current AI chips are always “way ahead “of the new offerings of its competitors, such as AMD (AMD) and Huawei, Feinseth said. Nvidia “is so far ahead of everyone else,” he added.

Companies will keep using Nvidia’s AI chips because they fear that if they do not do so, they will lose ground to their competitors, according to the longtime investor. Moreover, Big Tech firms have the resources to keep buying Nvidia’s top-notch chips, Feinseth stated.

 Why Feinseth Is Bullish  on the Market and Big Tech

According to the CIO, we are in the midst of a “multidecade…AI investment theme.” Consequently, “trillions of dollars will be invested in AI, data centers, and data-center infratructure over the next several years,” providing a powerful stimulus to the economy.

Further, the economy is likely to get a boost in the near-to-medium term from an interest rate cut by the Federal Reserve, Feinseth contended.

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This article is originally published at Insider Monkey.