NVIDIA Corporation NVDA

NVIDIA is the picks-and-shovels supplier to the AI gold rush, armed with a software fortress, a supply-chain fast lane and a cash gusher that together make it one of the rare companies capable of compounding high returns for a very long time. The flip side is a punchy valuation and real geopolitical and execution risks. If you believe the AI super-cycle is only in the second inning, NVIDIA is a high-quality—but not low-risk—way to ride it.