The OpenAI Trade Isn't Microsoft Anymore. Here's Where Smart Money May Be Looking.

Microsoft is no longer viewed as the best way to gain exposure to OpenAI due to competitive tensions between the companies. Nvidia emerges as the superior investment choice, as OpenAI's massive infrastructure spending needs ($115 billion through 2029) will heavily depend on Nvidia's GPU chips. Nvidia's dominance in AI semiconductors and strong growth metrics make it better positioned to benefit from OpenAI's scaling.