As Wall Street and Main Street alike increasingly focus on artificial intelligence, there will certainly be winners and losers.
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In this sneak peek from the Action Alerts PLUS investing club, former NYSE trader Stephen 'Sarge' Guilfoyle said he sees obvious opportunities in Nvidia (NVDA) - Get Free Report, Advanced Micro Devices (AMD) - Get Free Report, Marvell (MRVL) - Get Free Report, Microsoft (MSFT) - Get Free Report, Meta (META) - Get Free Report and Alphabet (GOOGL) - Get Free Report.
STEPHEN GUILFOYLE: Nvidia has been my shining star. That's for sure. And so has AMD. I mean, even though AMD is really a distant second-place player, Nvidia dominates the space, AMD is coming out with a new chip that should compete with the H100 fairly soon. I would expect them to retain the number one and number two spots in that space as far as providing the hardware, the brains, for artificial intelligence.
I'm not in Marvell Technology. I believe Chris is for this portfolio. And they, in my opinion, are a number three candidate to take a leadership role in that space. As far as the high, let's say, the mega-cap names that have a lot of cash on hand that have to spend now on artificial intelligence, they're kind of rising. As the sea is rising, it's raising all boats connected to AI.
But I'm not so sure about that. I'm into Microsoft. I love Microsoft. But I think as far as a lot of these firms go that have to provide the cloud to corporate customers, they may be able to pass on these costs. They may not be able to pass on these costs. These chips are expensive. And I believe it's going to turn out to be an increased capital expenditure for these kind of firms. It may not be the boon for Amazon, for Meta, for some of these other firms, for Google, that we think it might be.
I think it's more a hardware play right now than a software play.