Musk Endorses Google and Nvidia as AI Powerhouses in Candid Podcast Remarks
Tesla CEO Elon Musk singled out Alphabet's Google and Nvidia as premier AI investments during a November 30 podcast with Zerodha co-founder Nikhil Kamath. The tech visionary praised Google's foundational AI work while calling Nvidia's chip dominance "obvious" for future value creation—despite admitting he doesn't actively invest in stocks.
Alphabet shares surged 16% in November after strong Q3 earnings and Warren Buffett's Berkshire Hathaway adding the stock to its portfolio. Meanwhile, Nvidia's 15% November drop on valuation concerns hasn't erased its 37% year-to-date gain, with a forward P/E of 23 still attracting institutional interest.
The remarks coincided with Google's Gemini chatbot update and reports of Meta negotiating to purchase Google's AI chips—further validating Musk's assessment of these companies as linchpins in the AI arms race.