Nvidia has 'insurmountable lead' in AI chip race: Strategist
As Nvidia (NVDA) is set to execute a 10-for-1 stock split after Friday's market close, Bespoke Investment Group co-founder Paul Hickey joins Asking for a Trend to discuss what the move means for the chip giant. "I don't think the stock split is much of a big deal," Hickey says, noting it is a psychological play allowing retail investors to buy more shares at a more attractive price. He explains that Nvidia's recent run is "unlike anything we've ever seen," as the company added $2 trillion in market cap over the span of a year. As the AI race heats up and companies like Google (GOOG, GOOGL) shift their primary focus to AI, Nvidia continues to get a boost. "Today, if you want to build out AI, you have to use Nvidia chips," Hickey says, explaining that Nvidia has what seems like an "insurmountable lead" currently. Over time, however, he expects competition to increase. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl
