Nvidia Corp.(NASDAQ:NVDA) shares rebounded on Wednesday, taking the broader market higher along with it, and a portfolio manager on Wednesday weighed in on the near- and medium-term outlook for the stock.

What Happened:Ex-GoogleCEOEric Schmidtrecently talked up Nvidia's stock in a video shared by Stanford University, which has since then been deleted. In the video, he was seen saying that big companies are looking to spend $20 billion, $50 billion or $100 billion on artificial intelligence data centers and the bulk of this outgo will go to Nvidia, which makes AI accelerators.

Eric Jackson,the...