Nvidia is ‘the clear AI leader’, says Analyst

Chip giant Nvidia (NVDA) has been at the center of the market rally, reaching record highs in February. However, as more investment is poured into AI, some fear the potential for a bubble to form.

Citi Head of US Semiconductor Research Chris Danely joins Yahoo Finance to share his perspective about the AI sector's continued room for growth, despite the fact that AI hardware like semiconductors historically experiences cyclical growth.

Danely is particularly bullish on semiconductors, sharing his top pick within the sector: "We've all identified Nvidia as the clear AI leader. I guess in this sort of instantaneous market, they're almost yesterday's news in terms of AI. What we think is going to be the next group of semiconductors or product of semiconductors that's going to have the AI mentioning is going to be memory and specifically DRAM. So, clearly, there's a lot of graphics chips going into it, clearly there's a lot of ethernet chips that Broadcom (AVGO) makes...We think that's the next positive catalyst for the AI market, but you're just starting to see memory come into play as, wow, we need more of this, this is in shortage, and Micron (MU) is the top pick on the DRAM space for us.

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