Why John Belton Still Calls Nvidia the Center of the AI Trade

Bullish Gator

Belton says Mag 7 CapEx slowdown isn’t imminent; he sees Nvidia as undervalued. Plus an example NVDA options trade and bullish technical trends ahead.

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What stands out

John Belton told Schwab Network he still expects Nvidia (NVDA) to sit at the center of the AI trade, arguing a slowdown in capital expenditure (CapEx) by the so-called Mag 7 is coming, but not soon. He calls the stock cheap at its current price, and Tom White's options trade example shows how traders are leaning into that view. For anyone tracking AI chips, it is a clear, market-tested reminder why NVDA keeps drawing capital and attention.