Investing in the picks and shovels of AI
These can be energy companies as mining data through AI and large language models is reckoned to be highly energy intensive
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IF WE were owners of either Nvidia or Microsoft shares over the last couple of years, we should be more than delighted at how those two counters have performed. Nvidia is up a whopping 600 per cent, while Microsoft has surged by over 200 per cent.
Most of their gains have happened in the last 12 months, which roughly coincides with the explosion of talk about artificial intelligence (AI) in the market.
I do own Microsoft shares. And as much as I would like to claim that I was enlightened enough to predict the advent of AI, nothing could be further from the truth.
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