Doug Clinton, founder and CEO of Intelligent Alpha, highlighted Nvidia Corp. (NASDAQ:NVDA) and Alphabet Inc. (NASDAQ:GOOGL) Google, as his top AI bets while pointing to SpaceX, OpenAI, and Anthropic as key players shaping the next wave of the tech landscape.
AI Drives Efficiency And Market Momentum
Clinton, on CNBC’s Squawk Box on Monday, said the tech sector remains the key driver of broader markets and argued that AI could significantly improve corporate efficiency.
He said companies in the S&P 500 could cut about 10% of their workforce today without slowing operations, with potential reductions rising to 20%–30% as AI models improve, making efficiency a long-term tailwind for margins and market growth.
Nvidia And Google Lead Public Market AI Bets
Clinton named Nvidia as his top pick, stating it “is still the king” because it powers inference for major AI developers like OpenAI and Anthropic.
He ranked Google second, saying it stands out as the leading publicly available AI model builder, giving investors direct exposure to model development in public markets.
SpaceX, OpenAI And Anthropic Shape Next Wave
Clinton said companies like SpaceX, OpenAI, and Anthropic could reshape the AI landscape as they move closer to public markets.
He noted SpaceX could reach a $2 trillion valuation driven by strong retail demand, limited float, and potential early index inclusion, which could create a squeeze dynamic.
He added that trillion-dollar-scale IPOs may warrant faster index inclusion. Still, he warned that markets must balance timing and liquidity to ensure proper price discovery, even as strong secondary-market activity already provides valuation signals.
Image via DALL-E
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