NVIDIA Corp (NVDA)

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Investing.com - Nvidia (NASDAQ:NVDA) and Super Micro Computer (NASDAQ:SMCI) have been among the main beneficiaries from the boom in AI interest, but they should retain a heavy weighting in individual portfolios for some time to come, according to legendary investor Louis Navellier
At 11:05 ET (15:05 GMT), Nvidia stock traded around 2% lower and Super Micro down over 10%, as investors took profits after stellar gains, with the former up 75% year to date and the latter over 200% higher.

“I know some people like to take profits, and that's fine, but for the bulk of our portfolios, we're going to be holding these stocks for a long, long time, said Navellier, chairman and founder of Navellier&Associates, which manages approximately $1.0 billion in assets, in a note.

Essentially, the speed of Nvidia’s AI chips is expected to double every year, and by the end of the decade, Nvidia’s AI processing speed is expected to be 11,800% higher than today.

Additionally, Nvidia launched a cloud service for researchers to test out their quantum-computing software. The Nvidia Quantum (NASDAQ:QMCO) QMCO Cloud will first comprise a data center stacked with AI chips and systems that together simulate a quantum computer.