Beyond the Nvidia boom: portfolio manager likes AI stocks TSMC, ASML
Yahoo Finance ·
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. 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." 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.
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