While an OpenAI stock is still a dream, as the company remains private, AI is a 5—to 10-year growth story, perfect for a mid-20s drowning-in-debt burnout… or anyone really.
Like a psychedelic trip, AI promises a kaleidoscopic future full of vivid, strange, and thrilling possibilities.
Here are the AI winners that we’re betting on for the long haul despite the treacherous terrain of projects underpromising and overdelivering.
This is the Apple of AI: Don’t Miss Out
“The computer industry is going through two simultaneous transitions — accelerated computing and generative AI.” — Jensen Huang, CEO of NVIDIA
As more companies stake their fortunes on AI, they’ll need the right graphics cards designed for AI’s heavy lifting. Today, Nvidia fills that void. But this is leading their stock price to spiral into the realm of lunacy.
Ask yourself: how does one peg the worth of such a thing as a stock?
To use round numbers, Nvidia made $26 billion in 2022 and is worth $2.8 trillion today. So the question becomes, would you shell out $2.8 trillion for a company that only coughs up $26 billion?
This means Nvidia must not merely do well or very well. To meet the market’s expectations, they must outpace all others by a wide margin. A single quarter of “good” but not “exceptional” performance could send the stock price tumbling.
Nvidia will continue to grow for the next decade, though, like all things, not without interruptions. It’s prudent to wait for clear dips in Nvidia’s price before investing any more in it. It’s like Warren Buffett says, “Wait for the hype to last six months until it reaches an all-time high, then buy.”
Strike that. Reverse it.
Possibly the Best AI Investment Available
“It has become abundantly clear, certainly with the adoption of generative AI in the last year, that this [industry] has the space to grow at an incredibly fast pace. We’re looking at 50% compound annual growth rate for the next five-plus years, and there are few markets that do that at this size when you’re talking about tens of billions of dollars.” — Lisa Su, CEO of AMD
If Nvidia’s playing the role of Apple in this AI circus then AMD is Android — a bit rough around the edges, but still in the game.
Nvidia’s H100 graphics card is the most sought-after AI product, with production sold out until 2025, but AMD’s Instinct MI300X is a close rival in terms of power. AMD is also the only game in town with a robust GPU and CPU portfolio, which allows them to close the AI gap.
The drawback is that Nvidia is a generation ahead of AMD in most AI and high-performance computing applications. But if AMD could snatch just a fifth of that market share, it’d be like hitting the jackpot.
TSMC: Foundational Layer of OpenAI
Building a state-of-the-art semiconductor plant takes time, expertise, and massive amounts of capital. Even then, semiconductor fabrication is a messy and dirty industry on par with the old heavy industry that was commonplace in the Rust Belt.
Taiwan Semiconductors workers also accuse Americans of being “lazy” and unable to handle a plant.
Despite all this, Taiwan Semiconductors—the foundational layer for AI—is a screaming buy.
They are trusted by Apple, Nvidia, and many other tech and AI brands. The geopolitical risk of a war with China exists, but it always will.
Earth 2100: Will It Look Like Blade Runner?
Artificial intelligence is projected to revolutionize the global economy, enhancing productivity and competitiveness at rates never before seen.
The market will decide how valuable it is, just like it has for centuries.
And although there’s fear of jobs lost, if robots are doing everything hard, the cost to do anything plummets.
So, we’re optimistic. But if we end up in a Blade Runner-esque post-apocalyptic cyberspace nightmare, we’re not entirely against it either.
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