AI Exuberance or Opportunity? NVIDIA, Broadcom Growth Keeps This Investor Bullish

NVIDIA Corp. (NASDAQ: NVDA ) and Broadcom Inc. (NASDAQ: AVGO ) remain attractive ways to play the artificial intelligence infrastructure boom, according to Jay Peters , portfolio manager at NewEdge Wealth . Peters told CNBC on Thursday that strong earnings growth, profitability and cash flow continue to support both chipmakers.

Peters said NVIDIA’s reported Hugging Face deal could strengthen the company’s push to offer customers a more comprehensive AI platform. Greater vertical integration could also expand NVIDIA’s role across the AI ecosystem . However, Peters acknowledged concerns about increasingly large ...