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Cleo Capital Managing Director Sarah Kunst provides insight on key stocks to look at on Making Money.
Nvidia has emerged as one of the leaders of the tech companies racing to incorporate advanced artificial intelligence (AI) tools into their products, and the company’s stock has surged amid growth in demand with a 20% plus gain on Thursday alone.
While there are no "pure play" AI stocks, as all the publicly-traded companies heavily involved in AI have other business offerings, Nvidia has come to be considered one of the leaders in the field despite being in a similar position. Ticker Security Last Change Change % NVDA NVIDIA CORP. 371.46 +66.08 +21.64%
Nvidia stock has soared by 113% year-to-date as of Wednesday’s close – outpacing some of the biggest names in tech and AI including Google and Microsoft which have enjoyed 30% growth in their share prices in the same period. After the market closed Wednesday and Nvidia held its earning call, its share price surged as much as 28% in after-hours trading to extend its lead as the world’s most valuable chipmaker and the fifth most valuable company on Wall Street.
Nvidia .
"Generative AI is driving exponential growth in compute requirements and a fast transition to Nvidia accelerated computing, which is the most versatile, most energy efficient and the lowest [total cost of ownership] approach to train and deploy AI," said Colette Kress, Nvidia chief financial officer and executive vice president. "Generative AI drove significant upside in demand for our products, creating opportunities and broad-based global growth across all markets."
NVIDIA STOCK SURGES ON DOMINANT A.I. MARKET POSITION, BUY RECOMMENDATION FROM HSBC
Nvidia has emerged as a major player in the tech sector’s push to deploy AI solutions. (Photo by Justin Sullivan/Getty Images / Getty Images)
Nvidia is deeply involved in AI in a number of areas, as it produces semiconductors, high-end graphics processing units (GPUs) and application programming interfaces (APIs) used in supercomputers and machine learning applications. Both GPUs and APIs are used in the process of training machine-learning models, and require sophisticated semiconductors, or computer chips, to generate the computing power needed to carry out the task of processing vast quantities of data.
Kress explained that several prominent tech companies with cloud data storage offerings – including Google Cloud, Oracle Cloud and Microsoft Azure – are seeing "strong demand" from "generative AI pioneers" and deploying Nvidia’s tools to satisfy it.
"Enterprise demand for AI and accelerated computing is strong. We are seeing momentum in verticals such as automotive, financial services and telecom where AI and accelerated computing are quickly becoming integral to customers’ innovation roadmaps and competitive positioning," Kress said.
ARTIFICIAL INTELLIGENCE: FREQUENTLY ASKED QUESTIONS ABOUT AI
Nvidia’s stock prices surged to record highs after a blockbuster earnings report. (REUTERS/Robert Galbraith / Reuters)
Nvidia AI Enterprise has more than 100 frameworks, pre-trained models and development tools that are focused on various tasks, such as speeding up data science tasks and AI model development.
She went on to say that Bloomberg is using Nvidia tools for a 50 billion parameter model, while AT&T is "working with us on AI to improve fleet dispatches so their field technicians can better serve customers."Ticker Security Last Change Change % MSFT MICROSOFT CORP. 313.85 -1.41 -0.45%GOOGL ALPHABET INC. 120.90 -1.66 -1.35%ORCL ORACLE CORP. 98.32 -0.22 -0.22%
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Nvidia has a partnership with Microsoft in which it will integrate enterprise-ready AI software into Microsoft’s Azure Machine Learning platform to help Azure customers rapidly build and deploy custom applications.
"Our collaboration with Microsoft transformed Windows into the ideal platform for creators and designers harnessing generative AI to elevate their creativity and productivity," Kress noted.
Rachel Doerrie is a professional data consultant specializing in data communication and modelling. She’s worked in the NHL and consulted for professional teams across North American and Europe. She hosts the Staff & Graph Podcast and discusses sports from a data-driven perspective.
There are late-round gems in every NHL draft class that go on to have impactful careers. With the increase in scouting coverage and analytics, teams do a better job of drafting those players earlier, but inevitably, a few of these late-round diamonds in the rough emerge.
Gone are the days of getting Pavel Datsyuk, Henrik Lundqvist or Brett Hull in the late rounds. However, smaller players who possess skill seem to be drafted much later. The reigning Calder Trophy winner Lane Hutson is hardly a late-round pick — he went 62nd overall in 2022 — but he should’ve been selected a lot earlier.
Some recent late-round gems include Troy Terry (No. 148 in 2015), Andrew Mangiapane (No. 166, 2015), Jesper Bratt (No. 162, 2016), Brandon Hagel (No. 159, 2016) and Mark Stone (No. 178, 2010). There were concerns about all of them in the draft process, whether it was size, skating or questions about the translatability of their game to the NHL. But each has far exceeded their draft expectations and gone on to represent their country on the international stage. Your draft slot does not make or break you. The earlier picks will get more chances while the later picks have to earn their looks, but there is a pathway to success.
The common denominator in a late-round pick’s success is that they are elite in at least one category; or as one NHL executive put it, “they possess a separating skill that differentiates them from others.”
This year, there are a few players who may end up as the diamonds in the rough. Generally speaking, a player drafted after the third round has a less than 3% chance of playing 200 games in the NHL, which means it is likely that only four or five players drafted after pick No. 96 will make it. There is a less than 1.5% chance of that player becoming an impact player, goaltenders not included. The darts at the board are worth throwing, but a few players in this class have separating skills that may give them a better chance.
Cameron Schmidt, RW, Vancouver Giants (WHL)
While Schmidt is rated much higher in public rankings — and remained a first-rounder in those rankings for the majority of the season — NHL teams with which I spoke do not view him in the same light. Many scouts believe Schmidt will be selected between the third and fifth rounds because he’s much smaller than the average NHL player at 5-foot-7.
Still, Schmidt’s ceiling as a second-line scoring winger in the vein of Alex Debrincat should excite teams. It is understandable that teams would be hesitant to select a player of his stature with an early pick because of the rarity of success for player shorter than 5-9. Schmidt is arguably the fastest player in the draft, with an elite shot. He has more than one “separating skill” that scouts look for, with one opining that if he were 6-1, he may be in the conversation for being picked in the 10-15 range.
Netting 40 goals in 61 games makers him one of the best goal scorers available in the draft. He can score multiple ways; off the rush in stride, on one-timers, by net-front finishing and a smooth but powerful catch and release. There is a high likelihood that Schmidt leads the CHL in goals over the next two seasons with his separating speed and well-rounded finishing ability.
Debrincat is 5-8, and if Schmidt grows to that height or even 5-9, there’s a real chance he becomes a reliable goal-scorer at the NHL level. Instead of drafting for physicality and size, taking a chance that someone grows who already possesses elite talent could be very rewarding for a team.
Jacob Rombach, D, Lincoln Stars (USHL)
A defenseman who is nearly 6-7 with punishing physical traits and the potential to become a shutdown defender will be very attractive to teams. Rombach lacks a lot of the offensive skill that teams like to see in their top-end defenseman, but there is a real path to becoming a No. 4/5 defender in the NHL.
Defensively, he possesses one of the most complete skill sets in the draft, which will only improve as he refines those skills. He has impressive puck-retrieval ability, scanning for threats and allowing him to pre-emptively escape pressure situations. He employs head fakes to shake forecheckers, and makes a simple and efficient pass when the lane opens.
When defending, he uses his frame to disrupt plays on the rush, kill plays on the wall and makes it difficult for teams to generate off the cycle. He isn’t overly physical, and while that is easily developable at his size, scouts like that he doesn’t get caught out of position trying to make a big hit. When he closes gaps on players all over the ice, he leads with a strong stick and smothers them, forcing turnovers or dump-ins.
If his skating and physicality improve, Rombach has the tool kit to be an effective shutdown defender who can kill penalties and play secondary matchups.
David Bedkowski, D, Oshawa Generals (OHL)
The old-school hockey types love Bedkowski because he loves physicality. He is a throwback in the sense that he lives for the violence. A menacing defenseman at nearly 6-5 and 215 pounds, Bedkowski is the most punishing defender in the draft class. While that doesn’t always equate to NHL success, the Florida Panthers‘ blueprint will surely have executives thinking about Bedkowski’s ability to play highly effective transition defense while inflicting significant pain on opponents with his physical play.
He is one of the best zone-entry defenders in the draft class, and if he can pick his spots a little better in terms of stepping up to make contact, there is a path to becoming an effective bottom-pair defender.
His ceiling isn’t high in terms of becoming a No. 4/5 guy, but teams need depth and brute force to win in the playoffs, and Bedkowski may develop into a defenseman who can reliably provide that.
Viktor Klingsell, LW, Skelleftea AIK (J20)
Another candidate to be a steal in the later rounds is world under-18 championships standout Klingsell. He didn’t produce at the level Jesper Bratt did in Sweden, but he outperformed Bratt when playing against his peers. Given the similarity in height, the high-end playmaking and vision, it isn’t surprising to see some believe Klingsell could be a “Bratt lite” in the NHL. He lacks physicality — which isn’t particularly surprising given his stature — but his instincts and offensive tool kit are amongst the best available among European skaters.
The main concern is his pace. Klingsell has a boom-or-bust type of profile. If he hits, he’ll be a second-line offensive facilitator who notches 50-plus assists every year. If he doesn’t, he’s likely to become a very good SHL player. That is the type of swing you take in the later rounds, especially when speed is the concern. But it is much easier to develop skating and speed than it is to find a player with the natural offensive instincts and playmaking capabilities that Klingsell possesses.
Filip Ekberg, LW, Ottawa 67’s (OHL)
Another Swede with a chance to make a team very happy is dual-threat forward Ekberg. The first half of the season was plagued by illness and a limited role. As the calendar flipped, Ekberg’s play took off, culminating in a standout performance at the U18s, where he tallied 18 points in seven games and earned himself an invite to Sweden’s World Junior summer team.
There is real reason to believe Ekberg is on the cusp of a major scoring breakout in the OHL that would vault his projection to a middle-six scorer at the NHL level.
Ekberg is a well-rounded forward anticipates and reads the play, facilitates offense and owns an excellent catch and release. He lacks dynamism that you’d like to see, but showed legitimate flashes of ability when healthy at the U18s. If he can improve his skating, he has all the hallmarks of a smaller player who can succeed in the NHL, in a secondary scoring and power-play role.
Aidan Lane, RW, Saint Andrew’s College/Brampton Steelheads (OHL)
If not for a standout performance in the OHL at the end of the season, Lane’s NHL projection would not exist. The CHL/NCAA rule change allowed the Saint Andrew’s College graduate to play the final 13 games in Brampton, where he tallied a point per game.
It is very difficult to project prep school players, as there is limited sample size. However, the high-motor winger looked every bit the part in a top-six role for Brampton. He has a chance to become a power winger in the bottom six at the NHL level, with his strength, physicality and his ability to generate offense.
He was smooth in transition, was able to draw defenders to him and make positive value plays. He was also able to use his physical package to overpower seasoned OHL players. Lane has the motor, physical tools and displayed promising offensive tools that could make him a high value pick beyond the fourth round. His speed and explosiveness will need to improve if he is to effectively use his tools to forecheck and create offence in a secondary role at the NHL level.
Given his chosen path to play in the NCAA at Harvard, he will have plenty of time to develop against the best amateur competition.
L.J. Mooney, RW, USNTDP (USHL)
Another diminutive winger, Mooney is one of my personal favorites in the draft class. He’s a dynamic skater and gets fans out of their seats with his puck handling skill. At 5-7, possessing multiple separating skills should be enough for a team to take a chance on him in the middle rounds.
He’s a non-stop player who is constantly drawing the viewer’s eye. His blistering speed is immediately noticeable, especially when combined with fantastic puck skill. There is real potential for him to become a transition nightmare for defenders. For that to happen, Mooney will need to improve his ability to facilitate offense and read the play. He needs to utilize his elite skating and puck skill to attack the middle of the ice to create high-danger scoring chances.
Given his size and questions about playmaking ability, he’s close to a boom-or-bust player. However, many players with that skill level do not possess the motor and inner drive to compete. Mooney does not leave any doubts about his will to compete given his fearless play, consistent pace, and willingness to play both sides of the puck.
If a team has multiple second- or third-round picks and lacks a dynamic skater, as well as someone who could be a legitimate contributor — the Philadelphia Flyers, Montreal Canadiens and Detroit Red Wings are in this boat — Mooney is a worth a shot.
General manager Jim Nill announced the deal Thursday. Duchene, who would have become an unrestricted free agent July 1, will count $4.5 million against the salary cap through the 2028-29 season.
“We are thrilled to have Matt back with our organization,” Nill said in a statement. “As our team’s leading scorer last season, he helped to solidify our forward group while also providing invaluable leadership off the ice and in the community. The fit with Matt and our team has been seamless from the start, and we’re looking forward to continuing to pursue our shared goal of bringing a championship to Dallas.”
Duchene was a point-per-game scorer — exactly 82 in 82 — in his second season with Dallas. He had just one goal and five assists in 16 playoff games as the Stars reached the Western Conference finals before losing to the Edmonton Oilers.
He had played on one-year, $3 million contracts in each of his two seasons with Dallas.
Duchene, 34, is going into his 17th season in the NHL. He has previously played for Colorado, Columbus, Ottawa and Nashville since making his debut in 2009.
The Associated Press and Field Level Media contributed to this report.
Restricted free agent forward Fabian Zetterlund signed a three-year, $12.825 million contract with the Ottawa Senators on Thursday.
Zetterlund recorded 41 points (19 goals, 22 assists) in 84 games split last season with the San Jose Sharks and Senators.
Ottawa acquired the 25-year-old Swede along with forward Tristen Robins and a fourth-round pick in the 2025 NHL draft from the Sharks on March 7 in exchange for forwards Noah Gregor and Zack Ostapchuk and a second-round pick in 2025.
“We were pleased to acquire Fabian at the deadline last season and very happy to extend him for three more years,” Senators general manager Steve Staios said in a team release. “He brings commitment and work ethic with a scoring touch to our group.”
Zetterlund was coming off a two-year, $2.9 million contract last season.
He has totaled 116 points (52 goals, 64 assists) in 247 career games with the Devils, Sharks and Senators since being selected by New Jersey in the third round of the 2017 NHL draft.