Nvidia (NVDA) will "absolutely" be one of the winners of the stock market going forward, Stephen Dickens, the CEO and founder of HyperFRAME Research said on Schwab Network yesterday.

A great deal of Dickens' optimism about NVDA stock seems to be based on the idea that the AI revolution is still in its early stages. According to Dickens, AI is where internet technology was in 1999 and where mobile devices were in 2007.

"There's still a lot of runway for Nvidia in the AI space," the CEO stated.

Also importantly, Dickens believes that Nvidia CEO Jensen Huang is correct when he predicts that the AI market will be worth $1 trillion, and, according to Dickens, the chip maker "is really starting to mature."

In general, Huang "pained a really strong picture" of the outlook of NVDA stock in his recent appearance, Dickens believes.

Worries About DeepSeek Are in the Past  

Asked about the DeepSeek controversy, Dickens said that many of "the claims about how cheap" the Chinese start-up's AI models were have been "debunked."

He added that "we're now past" the DeepSeek issue, and many "people are bullish on the AI trade" at this point.

 While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as NVDA but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.