Veteran investor names Nvidia top AI pick - positive.

From Yahoo Finance: 2025-04-22 14:06:00

Doug Clinton, CEO of Intelligent Alpha, calls Nvidia his top AI pick due to solid earnings estimates and 21x forward earnings valuation. China derisked for Nvidia, cloud giants to invest heavily in AI, driving chip demand. Analysts project NVDA EPS at $4.42 this year, $5.67 in 2026, with recent stock drops.

Clinton sees huge demand for AI driving NVDA chip sales, not yet reflected in stock prices. Analysts project NVDA EPS to grow from $2.99 in 2024 to $5.67 in 2026. While NVDA has dropped 18% in the last month and 30% in the last three months, Clinton believes AI stocks offer higher returns in a shorter timeframe. Consider exploring other promising AI stocks with Insider Monkey’s report.

Read more: Nvidia (NVDA) Stock Identified as Top AI Stock by Veteran Investor