Nvidia Has 80% of Its Portfolio Invested in 2 Artificial Intelligence (AI) Stocks
Nvidia (NASDAQ:NVDA) is arguably the most critical company in the artificial intelligence (AI) ecosystem, given the central role its chips and software play in powering AI workloads.
That deep expertise means Nvidia is well-suited to identifying other potential winners in the AI infrastructure market, so investors should pay attention to where the company keeps its money. Nvidia’s capital allocation strategy can reveal opportunities that extend beyond its core chip business.
As of the second quarter, Nvidia had 80% of its investment portfolio concentrated in two AI stocks: 33% in Space Exploration Technologies (NASDAQ:SPCX) and 47% in Intel (NASDAQ:INTC). Here’s what investors should know.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.