One of tech's most prominent bulls just dropped his AI stock picks for 2026—and the list is raising eyebrows. Nvidia, despite dominating the AI chip space, didn't make the cut. The strategist's top 5 selections suggest a broader shift in how investors are viewing the artificial intelligence boom: looking beyond the obvious chip plays toward companies building the infrastructure and applications that will drive AI adoption. This contrarian take on AI investing reflects a maturing market perspective—one that questions whether the current valuations in mega-cap chip stocks still offer the best risk-reward. The divergence between consensus favorites and this analyst's thesis highlights the ongoing debate about which sectors will truly capitalize on AI's evolution in the coming year.