ETF portfolio manager says Nvidia will be a winner in the AI race, regardless of who leads

Nvidia is heading into another closely watched earnings cycle with investors focused not only on financial results, but also on whether the chipmaker’s artificial intelligence dominance can hold through changes in the competitive landscape. In an interview conducted for Benzinga, Adam Curran, a portfolio manager for the God Bless America ETF, said he expects Nvidia to come out on top “no matter who leads” the broader AI race, describing the company as an early pioneer whose lead can be hard for rivals to displace.

Curran’s framing was that the technology push is a long-run contest in which the first major enablers tend to maintain momentum. He used a metaphor that “pioneers die with arrows in their backs,” implying that companies that get fundamental infrastructure in place early can retain an advantage, even when other firms drive headlines or shift leadership on specific AI initiatives.

The remarks arrive as Nvidia prepares to report results after the market close, according to the publication. Wall Street is looking for quarterly revenue of about $92.2 billion, which would be nearly double the figure from a year earlier, setting up a high bar for both growth and continued demand for Nvidia’s AI-related products.

The God Bless America ETF executive’s comments do not provide additional specifics about the ETF’s holdings, the portfolio’s allocation to Nvidia, or any internal model assumptions. They also do not detail which parts of Nvidia’s platform he believes create the most durable moat, such as hardware performance, software ecosystem, or customer deployment cycles.

Still, the broader context is clear: Nvidia’s latest earnings reports have become a proxy for how quickly data centers are scaling up AI compute. In technology markets, investors often treat revenue growth in leading AI suppliers as an indicator of whether hyperscalers and enterprise customers are accelerating capex for AI infrastructure.

Sector watchers also know that the AI industry is not static. Competition can shift quickly across model developers, cloud providers, and hardware vendors. In that environment, Curran’s “no matter who leads” view is essentially a bet that Nvidia’s role as a core supplier of AI compute building blocks remains central even if leadership changes elsewhere in the stack.

One uncertainty is how much weight investors should place on a qualitative view from an ETF manager versus the hard data that comes with the earnings release. The interview, as described in the published preview, does not cite valuation targets, forecast ranges, or guidance figures, and it does not break down risks such as pricing pressure, supply constraints, or customer concentration.