NVIDIA (NVDA) Remains a Must-Own for Bernstein Despite Tech Sell-Off - Yahoo Finance

Despite a broad tech sector sell-off on June 23, 2026, Bernstein continues to view NVIDIA (NVDA) as a 'must-own' stock. The firm reiterates its outperform recommendation for both NVDA and Broadcom, ci... Read original →

Bernstein’s unwavering 'must-own' stance on NVIDIA amid tech selloffs reflects the irreversible build-out of AI infrastructure. Technologically, NVIDIA’s GPU dominance fuels surging demand for EDA tools, advanced packaging, and HBM memory—directly benefiting Micron and TSMC (Taiwan, China). Regulatory friction from U.S. export controls raises global supply chain costs but paradoxically strengthens NVIDIA’s premium-market moat by accelerating non-U.S. alternatives among clients. Competitively, Broadcom’s custom ASICs and AMD’s MI300X are nibbling at inference and training segments, yet NVIDIA counters by locking in robotics and autonomous driving via Omniverse and Isaac platforms. Over the next 12–24 months, even with AI valuation corrections, NVIDIA will likely dictate compute standards as generative AI evolves into physical AI, cementing a hardware-software-ecosystem pricing triad.