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Beyond the Nvidia boom: portfolio manager likes AI stocks TSMC, ASML
Reuters Videos75d agoneutralVIDEO
Beyond the Nvidia boom: portfolio manager likes AI stocks TSMC, ASML

<body><p>STORY: While the "long-term story" regarding Nvidia's success "remains intact," Casey noted the chipmaker's stock this year "has been outperformed by other areas" of the AI trade.</p><p>Casey named "picks and shovels" firms Taiwan Semiconductor and ASML as being sound investments, with the latter "a really strong business" that makes lithography machines used "to make the chips."</p><p>But he's tepid about cloud storage companies such as Western Digital, saying that some of those stocks went "from being dirt cheap to being super expensive overnight. That's not really the kind of beat and raise long-term growth story that we look for," he added.</p></body>

Most Stocks Gained, but Chip Selloff Drags Market
Barrons.com75d agobearish
Most Stocks Gained, but Chip Selloff Drags Market

The Nasdaq, the S&P 500, and the Dow ended Thursday's session lower, but if you take a closer look, most of the market is actually holding up all right. The tech-heavy Nasdaq saw the most dramatic declines since tech stocks led the selloff, down 1.5%. The S&P 500 fell 0.5% and the Dow dropped 0.2% or 105 points.

Why DeepSeek’s Chip Push Doesn’t Spell Trouble for Nvidia Corp (NVDA)
Insider Monkey75d agoneutral
Why DeepSeek’s Chip Push Doesn’t Spell Trouble for Nvidia Corp (NVDA)

Nvidia Corp (NASDAQ:NVDA) is one of the best stocks to buy for the AI boom in the second half of 2026. Nvidia stock is a favorite of elite investors, as some 275 hedge funds have positions in this AI chip stock. On July 7, Reuters reported that Chinese tech startup DeepSeek is developing its own […]