CIO provides alternative investment options to leverage the AI trend
- A CIO suggests exploring alternative ways to benefit from the ongoing AI trend
- Avoid trading Nvidia according to Jim Cramer's advice
- Consider investing in 'old economy' firms, as recommended by the CIO
Nvidia's stock is doing really well. CNBC's Jim Cramer thinks it's smart to keep the stock instead of trading it. He says Nvidia's chips are the best for artificial intelligence (AI) right now. The company's recent earnings report was very good, and its stock price went over $1,000 for the first time. Even when the market was bad, Nvidia's stock did well. Big companies like Microsoft, Meta, Amazon, Alphabet, and OpenAI use Nvidia's chips for AI. Cramer says Nvidia always does better than expected and investors should learn more about the company to understand its success. Nvidia's success shows it's not slowing down. The company's earnings beat estimates, and big companies are buying a lot of its chips for AI. Nancy Tengler from Laffer Tengler Investments thinks there are other good investment options like "old economy companies" and data center names. These companies are moving towards digitization, cloud, and AI computing. Walmart is one example of an "old economy" company that is changing with the times. Carrier is another company benefiting from data center growth because it provides important services for data centers. Quanta Services is also a good investment option as it helps build infrastructure for AI and energy needs. In the world of AI chips, Nvidia is the top player. Its success in providing chips for AI applications has made its stock very valuable. Other companies are also benefiting from the growth in AI and data centers, making them good investment options for those looking to capitalize on this trend.