Microsoft (MSFT) and Nvidia (NVDA) Named as Top Picks by Veteran Investor

Microsoft Corporation (NASDAQ:MSFT) and Nvidia Corporation (NASDAQ:NVDA) are top picks at this point for Argent Capital Management portfolio manager Jed Ellerbroek, Jr. During a recent appearance on the Schwab Network, Ellerbroek explained why he's upbeat on those names.

Why Ellerbroek Is Bullish on MSFT and NVDA

According to the portfolio manager, Microsoft Corporation (NASDAQ:MSFT) was "beat up pretty severely earlier this year because" of worries about the growth of its cloud unit, Azure. But by providing "good guidance" for Azure while unveiling its most recent quarterly earnings, MSFT "dispelled those fears," the investor explained.

Moreover, Microsoft Corporation (NASDAQ:MSFT)'s "core products and its Copilot products continue to roll out nicely,"Ellerbroek reported.

Turning to Nvidia Corporation (NASDAQ:NVDA), the stock picker said that the tech giant is " finding entire new customer groups for its...chips." What's more, President Donald Trump's recent trip to the Middle East showed that governments are interested in investing significant amounts in AI,  Ellerbroek told Schwab Network.

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