Micron, Arm among safer stocks than Nvidia to pay AI, Barron’s says

Investors have embraced Nvidia (NVDA) as the one sure bet on artificial intelligence. And to be clear, Nvidia has come to dominate the market for chips used for AI model training and inference, Eric J. Savitz writes in this week’s edition of Barron’s. But Over Nvidia’s past four earnings reports, quarter-over-quarter growth has slowed from 88% to 34% to 22% to 18%. There are picks-and-shovels AI bets that don’t require the same heroic assumptions that Nvidia stock now entails, the author says, namely, Micron (MU), Arista Networks (ANET), Corning (GLW), Arm (ARM), Qualcomm (QCOM), SoftBank (SFTBY), Oracle (ORCL), TSMC (TSM), HP Enterprise (HPE), Dell (DELL), Microsoft (MSFT) and Adobe (ADBE).