Nvidia's (NVDA) second quarter earnings report crushed expectations, sending shares higher. In an interview with Yahoo Finance Live, Spouting Rock Asset Management Chief Strategist Rhys Williams explains why he says "Nvidia is going to be the pied piper of AI."
"AI, I believe, is the most dynamic theme over the last 20 years" and will be "the single biggest thing that improves productivity in the United States over the next 5 to 10 years," Williams says.
"The AI story is terrific right now," Williams says. Nvidia stock is one that "over the long-term, you really want to own. It's the leader in this" AI space, Williams notes.
