Eric Schmidt, the CEO of Google until 2011, is many things, but one thing he is not is a financial advisor licensed to provide investment advice. If he were, however, he made it pretty clear that AI training chip vendor Nvidia is a stock he thinks belongs in every portfolio.
Speaking to Stanford University students this week, the billionaire angel investor argued that the race to commercialize generative artificial intelligence and other forms of AI was still in its early stage. Even though the easy money might have already been made, in his opinion, there’s still plenty of upside potential in the space.
