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The largest technology stocks linked to the artificial intelligence<\/a> trade could stand to benefit the most from Nvidia’s woes<\/a> and a Democratic-controlled Congress pushing back<\/a> on data centers, according to investing experts interviewed on CNBC’s “ETF Edge<\/a>” earlier this week. <\/p>\n “We may have been put in an environment, as much as investors have sort of been looking for areas outside of Big Tech, where net-net Big Tech ends up as the winner once again,” said Roundhill Investments CEO Dave Mazza, whose firm manages the Magnificent Seven ETF (MAGS<\/a>).<\/p>\n Part of his bull case: Other players in the AI trade are positioned to fill Nvidia’s chip demand<\/a> if investors lose trust in the company after a tumultuous week that saw its iconic founder and CEO Jensen Huang resign.\u00a0<\/p>\n “If we get into an environment where people can’t trust \u2026 Nvidia, they’re going to look for other sources for these chips because they need them,” Mazza said during the “ETF Edge” interview, which occurred Monday as the Nvidia scandal grew but before Huang had resigned.<\/p>\n Discussing recent fund flow activity for the MAGS ETF, as well as for the Roundhill Neocloud ETF (NCLD<\/a>) \u2014 which focuses on smaller market cap, specialized cloud computing companies \u2014 Mazza said, “In a weird way, [hyperscalers] may continue to benefit from this because they have the compute available. It’s going to be more valuable if the demand is there.”<\/p>\n The Roundhill Magnificent Seven ETF ended the week in the green, albeit with a gain of less than 1%, while the Roundhill Neocloud ETF was up over 1%, though earnings from top holdings Coreweave and Nebius presented a mixed picture. <\/p>\n CoreWeave had its best day<\/a> since April 2025 on Wednesday after its latest quarterly results, while Nebius shares sank<\/a> after its Thursday report. The neocloud ETF remains deeply in the red since its August 2026 launch, down 39%, amid concerns about balance sheet strength, which could linger given Nvidia’s role in financing<\/a> the AI buildout.\u00a0CoreWeave shares sank again on Friday, and Nvidia posted its longest losing streak<\/a> since 2012 after its latest weekly losses.<\/p>\n Stock Chart IconStock chart icon Performance of the Roundhill Neocloud ETF year to date in 2026.<\/p>\n Nvidia’s interim CEO and current chief financial officer Colette Kress<\/a> will have her first opportunity to reassure the market when Nvidia reports its third-quarter earnings<\/a> next Tuesday. “Our focus remains on serving our customers, partners, developers and shareholders,” Kress said in a statement<\/a> issued on Thursday morning when the company announced Huang’s exit.<\/p>\n Yorkville Ives partner and senior managing director Dan Ives said on “ETF Edge” on Monday that the market will remain optimistic about other AI chip players, like AMD and Alphabet, if Nvidia faces prolonged headwinds.\u00a0Ives helped create the Dan IVES Wedbush AI Revolution ETF (IVES<\/a>) while at Wedbush Securities, where he served as the managing director and global head of technology research before departing Wedbush to form his own firm earlier this year.\u00a0<\/p>\n AMD finished trading this week up close to 13%, with Broadcom posting similar gains.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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