AT&T Set to Outperform NVIDIA for the Next Decade

With a forward PE of 7 and a dividend well north of 6%, AT&T continues to be overlooked if not outright hated by the investing community.

Nonetheless, with VIP Members in the long-term investing arm of Market Chess we have been on this play for several quarters now, seeing deep value in the stock from lower levels. Beyond T, we have its buddy Verizon with a similar chart also improving. 

But over the next decade I am quite convinced that AT&T (and its dividends) will handily outperform NVDA and other hot-to-trot "Mag7" sweethearts. 

In a world with entrenched inflation and various secular inflationary tailwinds (nationalism, populism, labor regaining power over capital, etc.) it stands to reason that dividend-paying defensive plays should mostly outperform as the sexiness from this era abates and names like NVDA enter into a more mature cycle in the stock's lifetime (e.g. See IBM after its Nifty Fifty days were over, or, actually, AT&T itself as part of the Nifty Fifty). 

Many commodity plays, of course, also fit the bill as far as value is concerned. But the boring defensives should get their due, especially the ones that did not go wild to the upside in recent years like KO and PEP.