At over 50 times earnings, this is a pricey stock to own but that multiple comes down to 29 when looking at estimates for next year's profits. And in the longer run, the company may be an even better buy if demand for its AI-agents takes off.

Chip makers like Nvidia are far from the only beneficiaries of President Trump’s effort to make the U.S. a leader in artificial intelligence. The Stargate artificial-intelligence project that Trump announced on Tuesday will ultimately require hundreds of thousands of Nvidia processors across its 20 data centers.

Artificial intelligence stocks are in the spotlight following President Trump’s announcement of an AI infrastructure initiative, but another sector also stands to benefit as the technology spreads. Shares of companies such as the chip maker Nvidia,