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Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) could outperform Nvidia (NASDAQ:NVDA) as AI investors shift from companies selling the hardware to those turning it into revenue, YouTube investor Joseph Carlson argues.
A day after Democrats swept Congress and data-center critics won key races, Amazon jumped 6.1% and Alphabet gained 3.2% Wednesday. Nvidia fell 3.2%, while Micron Technology Inc. (NASDAQ:MU) lost 7%.
Carlson, who shares his roughly $1.5 million stock portfolio with more than 500,000 YouTube subscribers, said it gained about $65,000 Wednesday, likely his biggest one-day gain ever. His Amazon stake alone added roughly $13,000.
Why Carlson Thinks the Winners Are Changing
Chip and memory makers have profited from extraordinary demand and shortages, but Carlson believes those bottlenecks will eventually ease.
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