Hi Scott
Given that artificial intelligence is going to change the world, up-end entire industries and render millions of people unemployed (hopefully not me!), I am thinking about investing a large part of my superannuation into Nvidia, the AI chip maker that is dominating the industry. But I just wanted your thoughts first. Do you invest in it?
Gary
Hi Gary,
So we’re currently at peak AI hype.
Investors are obsessed with the potential of artificial intelligence … and the chance of making a quick buck has got them treating Nvidia like a casino chip:
Last week Nvidia became the world’s most valuable company. This week it suffered the biggest three-day loss of any company in history ($646 billion), according to Bloomberg.
Something tells me that the croupier hasn’t yet called “no more bets”.
So would I invest in Nvidia?
Yes, I would. In fact I do. I own Nvidia (among hundreds of other stocks) through my international index funds, and that’s enough for me.
But would I go balls and all into Nvidia at it these prices?
Well, you could ask ChatGPT … but I’m a strong no.