Gene Munster on the Tech Outlook for 2026: AI Trade, Nvidia, and Top Picks

The AI Trade Outlook

• 💡 The AI trade is still in its early stages, with an expectation of continued strong performance for the NASDAQ for the next two to three years.
• 📈 Despite recent market skepticism, AI-first companies are projected to grow faster than expectations.

Nvidia's Growth and Expectations

• 🚀 Nvidia is expected to exceed current street estimates, with potential for 65% plus revenue growth this year, driven by strong demand.
• ⚠️ The gap between street expectations and Nvidia's guidance highlights investor apprehension about the continuation of the AI bull market.
• 🤝 Nvidia's partnership with Foxconn, a key manufacturer of their GPUs, shows continued strong performance with 22% revenue growth reported.

Key Companies and Future Performance

• 🎯 Google is anticipated to be a significant surprise in 2026, with Samsung planning to double their Gemini devices.
• 🍎 Apple is identified as a potential best-performing large-cap stock in the first half of the year, partly due to positive news from Foxconn.
• 📊 Deepwater Asset Management's portfolio includes Nvidia as a favored pick, alongside Google and Apple, based on their strong growth prospects.