Nvidia is clearly the chips leader in AI trade, says Silvant Capital's Sansoterra

Summary

On CNBC's The Exchange, Silvant Capital CIO Michael Sansoterra assessed the AI trade after CES. He remains long NVIDIA as his top holding and the clear AI chip leader, likes Alphabet as a second AI winner on Gemini 3 and its search moat, and prefers ASML as a way to play DRAM pricing and capacity expansion rather than chasing volatile memory stocks. He had nothing negative on AMD but owns none, and stressed there will be multiple AI winners.

• Michael Sansoterra of Silvant Capital discusses AI positioning after CES on The Exchange.
• NVIDIA stays his top holding; he calls it the clear AI chip leader.
• Vera Rubin shipping early and large per-token/per-watt cost savings cited as positives.
• He likes Alphabet on Gemini 3 benchmark strength and defense of its search moat.
• He prefers ASML over chasing volatile memory names as a DRAM capacity play.
• Host notes reports of SK Hynix and Samsung raising Q1 server DRAM prices 60-70%.
• He is not negative on AMD but owns none; he sees room for multiple chip winners.