Nvidia is the 'picks and shovels leader in the AI gold rush' that could expand its market share as competition heats up, Bank of America says

• Nvidia is one of the biggest beneficiaries of the AI race that is starting to heat up, according to Bank of America.
• The bank said Nvidia offers investors exposure to the AI market like picks and shovels did during the gold rush.
• Nvidia offers a turnkey model "which is what we believe can enable NVDA to maintain and possibly expand its AI market share," BofA said.

Instead of trying to pick a winner in the artificial intelligence race, why not just buy the company that will be supplying all AI competitors with the necessary hardware?