By Fahad Saleem
Publication Date: 2026-05-21 15:56:00
We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Nvidia Corp (NASDAQ:NVDA) ranks #7 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term).
Short Interest: 1.2%
Nvidia shares were down about 1.6% despite beating quarterly estimates. It’s becoming predictable: Nvidia keeps beating estimates, and yet the market does not care much as its expectations are extremely high. But this weakness could be a long-term buying opportunity.
Nvidia Corp (NASDAQ:NVDA) remains the clear winning pick-and-shovel name in the AI revolution. It makes high-performance GPUs used to train and run large AI models, and since nearly every major AI company depends on this compute power, demand has remained extremely strong.
This tight supply-demand balance has led to a GPU shortage. Data shows GPU availability is at its lowest level since late 2023 and early 2024. As a result, Nvidia Corp (NASDAQ:NVDA) has strong pricing power and high demand visibility. The company is also shifting to a one-year product release cycle, down from two years, to better keep up with rapid demand growth and competition.
Another indicator of strong demand comes from Foxconn, a key Nvidia Corp (NASDAQ:NVDA) manufacturing partner responsible for a large share of its AI hardware production. In March 2026, Foxconn reported a sharp revenue increase, with monthly sales rising about 10% from January levels, driven by strong momentum from new product launches. This is widely…
