Novo Nordisk (NVO), which develops weight-loss drugs, looks poised to perform well over the short term, Rebecca Walser, the founder and principal of Walser Wealth Management, told Schwab Network recently.

Walser also identified semiconductor equipment maker Lam Research (LRCX) as a good pick for the near term.

Why Walser Is Bullish on NVO

NVO is 57% below its all-time high, and President Donald Trump recently directed his administration to work with Congress to increase the amount of time that drugs can be sold to Medicare without the government negotiating the prices to 13 years from nine years, Walser reported. The extra four years of "proprietary pricing" that NVO could receive from Congress for its weight-loss drugs would meaningfully help the company, according to the wealth-management professional.

Meanwhile, NVO has a dividend yield of 2.4%, she pointed out.

Why Walser Is Upbeat on LRCX

Lam Research is 40% below its all-time highs and has "a decent growth trajectory," the wealth-management professional said. She suggested that LRCX could make a positive announcement  or deliver strong earnings in the near term. The company is expected to unveil its quarterly earnings tomorrow.

While we acknowledge the potential of NVO, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.