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Nvidia (NVDA)'s second quarter results topped analyst estimates and the company issued upbeat Q3 guidance. Yet, shares still traded lower. Why?

As Radio Free Mobile Founder Richard Windsor tells Morning Brief, it's because a lot of that news is already baked into the stock. Both the company and investors were expecting the company to continue to grow, but not at the extremes it had been as the AI market starts to mature. However, given Nvidia's financial performance, Windsor says the stock has been "a shareholder's dream."

So what is an investor to do with the stock?

"The stock's gone up 10 times in the last 18 months. Is it going to do up 10 times again? No. What that tells you is that the easy money in Nvidia has been made." So for investors looking for alpha, Windsor says, it may be time to sell. But for a beta investor, the stock looks more attractive than some of its tech rivals, therefore, from a valuation perspective, he argues, it may be worth holding onto.

Watch the video above to hear more of Windsor's thoughts on the AI space, including why he doesn't think Tesla (TSLA) is an AI stock.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.