AI investing trend will shift from hyperscalers to custom silicon, says Deepwater's Doug Clinton

NVIDIA's position in the AI market may soften as companies like Google, Microsoft, and Amazon begin to leverage their custom chips, built from investments in general-purpose AI infrastructure. As these companies gain momentum, the sentiment around NVIDIA could shift, leading to perceptions that the AI trade is over. High interest rates may push investors back to leading tech stocks while also favoring AI players with the greatest growth potential. Despite possible fluctuations for NVIDIA, the discussion emphasizes a broader AI ecosystem that remains vital beyond just one company.

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