Shares of Albemarle and Nvidia hit new all-time highs on Monday, and Josh Brown of CNBC's "Halftime Report" said he thinks their run is far from over.
Each company is a leader in its field, which Brown says will drive these stocks higher.
ALBEMARLE:
Brown owns Albemarle as way to play the electric vehicle space without having to own auto stocks directly. The Charlotte, N.C.-based company makes lithium, which is used in electric vehicles, a growing part of the auto market as companies like Elon Musk's , Mercedez-Benz and Volvo expand in the business.
"If you want to be bullish on electric vehicles but you don't trust what Musk is doing financially at Tesla, the play is lithium," Brown said on the "Halftime Report."
Automakers need lithium to manufacture electric vehicles, which means demand will remain high for Albemarle's products. Brown also points out that there are very few companies that manufacture lithium, meaning Albemarle is in a strong position as demand for electric vehicles rises.
The shares are up 43 percent year-to-date.
"This thing is breaking out...trend looks phenomenal," he said.
NVIDIA
Like Albemarle, Brown owns Nvidia because the Santa Clara, Calif., company is a leader in chips for gaming and artificial intelligence.
He argues that "there's nobody at the same level in the game or even close" to Nvidia since the company manufactures the two fastest chips for AI applications.
Nvidia has risen 60 percent this year, and the stock trades at 55X forward earnings.
Trader Disclosure: Josh Brown owns Albemarle and Nvidia.