The largest technology stocks tied to artificial intelligence may end up as the biggest beneficiaries of Nvidia's troubles and a Democratic-controlled Congress looking to slow data center construction, according to investing experts who appeared on CNBC's "ETF Edge" earlier this week.

"We may have been put in an environment, as much as investors have sort of been looking for areas outside of Big Tech, where net-net Big Tech ends up as the winner once again," said Roundhill Investments CEO Dave Mazza, whose firm manages the Magnificent Seven ETF (MAGS).

Mazza argued that other players in the AI trade stand ready to absorb Nvidia's chip demand if confidence in the company erodes after a turbulent stretch that ended with the resignation of its iconic founder and CEO, Jensen Huang. "If we get into an environment where people can't trust .. Nvidia, they're going to look for other sources for these chips because they need them," he said in the interview, which took place Monday as the Nvidia scandal was growing but before Huang stepped down.

Discussing recent flows into the MAGS fund and the Roundhill Neocloud ETF (NCLD), which holds smaller, specialized cloud computing companies, Mazza said hyperscalers "may continue to benefit from this because they have the compute available. It's going to be more valuable if the demand is there." The Magnificent Seven ETF finished the week slightly higher, gaining less than 1%, while the Neocloud ETF rose more than 1% despite mixed earnings from top holdings CoreWeave and Nebius. CoreWeave notched its best day since April 2025 on Wednesday, while Nebius shares dropped after its Thursday report. The neocloud fund remains down 39% since its August 2026 launch amid worries about balance sheet strength, a concern that could persist given Nvidia's role in financing the AI buildout. CoreWeave slid again on Friday, and Nvidia logged its longest losing streak since 2012.

Interim CEO Colette Kress, who also serves as chief financial officer, will get her first chance to steady investors when Nvidia reports third-quarter earnings next Tuesday. "Our focus remains on serving our customers, partners, developers and shareholders," Kress said in a statement Thursday morning announcing Huang's departure.

Dan Ives, partner and senior managing director at Yorkville Ives, said on the program that the market will stay upbeat about rival AI chip names such as AMD and Alphabet if Nvidia's headwinds persist. Ives helped create the Dan IVES Wedbush AI Revolution ETF (IVES) while at Wedbush Securities before leaving earlier this year to start his own firm. AMD ended the week up nearly 13%, with Broadcom posting comparable gains, while the tech-heavy Nasdaq recorded its best week since August as Nvidia's slump reshuffled the AI trade.

Yorkville Ives cut its price target on Nvidia to $225 from $300 on Thursday following the resignation but kept a buy rating on the stock, which closed the week at $162.85. "Nvidia remains the clear leader in GPU chips for the AI Revolution. They are roughly 2-3 years ahead of the nearest competitor and the demand trajectory the next few years is not changing because Jensen is gone," Ives wrote to clients, adding that the valuation is "way too cheap once Nvidia gets through this storm and emerges on the other side."

Mazza said existing computing capacity could grow even more valuable if the Democratic Party's Nov. 3 gains, which swept the party into control of Congress, slow the data center buildout. Ives estimated the "blue tidal wave" could knock out 10% of planned data centers at the low end and 15% to 20% at the high end, though he noted demand still outstrips supply four to one. "The compute is just that much more valuable in the capacity today than it was a week ago. So I could argue just more and more bullish, strong, get stronger," he said.

"The game is going to change for Big Tech. It will slow it down. But there's no overbuild, no bubble concerns. And I view that as actually a positive thing," Ives added.