Interview with Real Vision: Nvidia is the #1 AI Stock and Why Cloud Looks Weak
January 13, 2023
Beth Kindig
Lead Tech Analyst
Last week, I joined Samuel Burke from Real Vision to discuss “3 Ideas.” We discussed why I see Nvidia as the #1 AI stock and also why cloud is weaker than it appears.
The full 30-minute video is available here with a Real Vision subscription or 7-day free trial.
For more information on our Nvidia thesis, you can access previous research here:
- Nvidia Stock: Evidence Gaming Bottomed and Why It’s Important
- Nvidia Stock is Ready to Rumble with RTX 40 Series and H100 GPUs
- Here’s Why Nvidia Will Surpass Apple’s Valuation in 5 Years
For more information on why Cloud is Weak, you can access our previous research here:
The I/O Fund offers a $99/year subscription tier that offers more weekly research. We offer a Pro and Advanced subscription tier that offers deep dives and real-time trade alerts. Learn More here.
More To Explore
Newsletter
Is the AI Dip a Buy? Key S&P 500 Levels and the One Bond Market Line to Watch
In our last broad market report on June 18th, we presented a case for caution, presenting numerous warning signs that we tend to see before a correction, ranging from institutional positioning to nume
Big Tech’s AI Revenue Is Surging, but Suppliers Will Still Be the Bigger Winners
Big Tech’s AI Capex has stomped estimates for multiple years and analysts are now calling for capex to surge to $1 trillion in 2027. However, hyperscalers have long battled investor concerns around wh
AI Capex to Hit $1 Trillion – And Estimates Are Still Too Low
Big Tech capex is the driving force behind the AI infrastructure trade, yet Wall Street has repeatedly underestimated the sheer scale of the buildout. Currently, in 2026, the guidance for $732.5 billi
Token Growth is Surging - Here Are the Beneficiaries
The reality of AI demand growth has shattered early estimates for token processing, yet expectations continue moving up and to the right. In the second installment of our token processing series, we e
AI Token Demand is Shattering Forecasts
Total annual token processing is no longer measured in billions or trillions of tokens, but in the quadrillions and beyond. As annual token processing is now tracked in units with 15 trailing zeros, i
Nvidia and Google Are Crowding TSMC’s N3 Node - Can Intel Fill the Gap?
Nvidia is moving its next-generation Rubin GPUs from 4nm to 3nm, yet Google’s latest TPUs are already on N3 and are expected to remain there. Meanwhile, a growing number of AI CPUs from Nvidia, Amazon
Intel vs TSMC: How CoWoS Packaging Constraints Could Create an Opportunity for Intel Foundry
Taiwan Semiconductor (TSMC) is the single, most important company to the AI industry. However, to compete with the incumbent, Intel does not need to beat TSMC at leading-edge manufacturing. It only ne
Big Tech’s Free Cash Flow is Turning Negative – Who's Next?
Big Tech’s AI revenue is accelerating, but free cash flow is moving sharply in the opposite direction. Across Google, Microsoft, Meta and Amazon, capex is rising much faster than operating cash flow a
Big Tech Earnings Preview: Is AI Monetization Finally Catching Up to Capex?
The most pronounced difference between 2026’s tech rally compared to rallies in the past is which companies have been left out of it. The names most associated with the AI trade have hardly participat
Nvidia, CXL, and the Battle to Improve AI Inference Economics
This is Part 2 of our two-part series on AI inference economics. In Part 1 — Why Nvidia's Next AI Battle Is About Tokens per Watt, we laid out why tokens per watt has become the defining metric for in
