Nvidia Remains Top Pick Amid AI Revolution

Dan Ives, partner and senior managing director at merchant bank Yorkville Ives, believes the AI revolution is still in its early stages. He likens it to a baseball game where they're in the 'third inning'.

Ives thinks Nvidia (NASDAQ: NVDA) is the key player advancing AI, saying 'there's one chip in the world fueling the AI revolution, and that's Nvidia.'

Nvidia's valuation doesn't fully reflect its growth prospects, according to Ives. He notes the demand for the company's GPUs today outstrips supply by 12-to-1.