I have stock in Google and Intel, mainly because of their Waymo and Mobileye subsidiaries, and to a lesser extent due to DeepMind.
NVIDIA was my favorite AI bet in 2017-8, but it currently looks too expensive for me.
One Stop Systems Inc is an obscure company in which I’ve invested, because its business involves AI. It’s hardly a leader in AI, but should benefit by enabling ordinary businesses to use AI.
I doubt that Apple, Microsoft, or Salesforce will be good ways to benefit from AI, and their prices are looking somewhat bubble-like (as do most of the big tech companies).
I expect that semiconductor equipment companies will be somewhat more appropriate, and they currently seem less likely to be overpriced. I’ve currently got investments in these small semiconductor equipment companies:
Amtech Systems
Trio-Tech International
SCI Engineered Materials, Inc.
The biggest semiconductor equipment companies (symbols BRKS, LRCX, KLAC, and AMAT) look like decent investments, but not quite cheap enough that I’m willing to buy them.
There are some datacenter-focused companies that are potentially good investments, but none of the ones I’ve looked at appear reasonably priced.
Transformative AI might speed up the creation of an Age of Em scenario, so it might be good to invest in regions which that book suggests might have em cities (places with stable governance, and enough cold water for cooling purposes). Countries that best fit this description include: Norway, New Zealand, Sweden, Denmark, Finland, Canada, and Japan.
I currently have investments in New Zealand and Sweden etfs (symbols ENZL, EWD). I’m avoiding Norway for now, and not investing much in Canada, due to their dependence on oil (I expect oil prices to decline this decade).
Here are some ideas for investing in companies that own land (listed by symbol; not AI-focused, but recommended for general diversification of bets): WPS (etf, non-US real estate), CTT (timber lands), TPL, and TRC. I’m currently invested in WPS and a bunch of real-estate-related companies in the US and Hong Kong, but I haven’t yet focused on land (I’ve been betting mainly on buildings).
Doesn’t microsoft own a substantial fraction of the cloud-computing industry, which seems to have benefited a good amount from AI? I.e. they had that big deal with Open AI about giving them access to a billion dollars of compute.
The biggest semiconductor equipment companies (symbols BRKS, LRCX, KLAC, and AMAT) look like decent investments, but not quite cheap enough that I’m willing to buy them.
What do you think of companies like Broadcom, NXP, Marvell, and MediaTek?
(I don’t quite know where these sit in the value chain in relation to the companies you quoted; I believe they’re focused more on chip design and mostly don’t do fabrication)
AI-related investment thoughts:
I have stock in Google and Intel, mainly because of their Waymo and Mobileye subsidiaries, and to a lesser extent due to DeepMind.
NVIDIA was my favorite AI bet in 2017-8, but it currently looks too expensive for me.
One Stop Systems Inc is an obscure company in which I’ve invested, because its business involves AI. It’s hardly a leader in AI, but should benefit by enabling ordinary businesses to use AI.
I doubt that Apple, Microsoft, or Salesforce will be good ways to benefit from AI, and their prices are looking somewhat bubble-like (as do most of the big tech companies).
I expect that semiconductor equipment companies will be somewhat more appropriate, and they currently seem less likely to be overpriced. I’ve currently got investments in these small semiconductor equipment companies:
Amtech Systems
Trio-Tech International
SCI Engineered Materials, Inc.
The biggest semiconductor equipment companies (symbols BRKS, LRCX, KLAC, and AMAT) look like decent investments, but not quite cheap enough that I’m willing to buy them.
There are some datacenter-focused companies that are potentially good investments, but none of the ones I’ve looked at appear reasonably priced.
Transformative AI might speed up the creation of an Age of Em scenario, so it might be good to invest in regions which that book suggests might have em cities (places with stable governance, and enough cold water for cooling purposes). Countries that best fit this description include: Norway, New Zealand, Sweden, Denmark, Finland, Canada, and Japan.
I currently have investments in New Zealand and Sweden etfs (symbols ENZL, EWD). I’m avoiding Norway for now, and not investing much in Canada, due to their dependence on oil (I expect oil prices to decline this decade).
Here are some ideas for investing in companies that own land (listed by symbol; not AI-focused, but recommended for general diversification of bets): WPS (etf, non-US real estate), CTT (timber lands), TPL, and TRC. I’m currently invested in WPS and a bunch of real-estate-related companies in the US and Hong Kong, but I haven’t yet focused on land (I’ve been betting mainly on buildings).
Doesn’t microsoft own a substantial fraction of the cloud-computing industry, which seems to have benefited a good amount from AI? I.e. they had that big deal with Open AI about giving them access to a billion dollars of compute.
Yes, now that I look more carefully, I see that Microsoft’s cloud revenues are large enough to be a somewhat plausible reason to bet on Microsoft.
What do you think of companies like Broadcom, NXP, Marvell, and MediaTek?
(I don’t quite know where these sit in the value chain in relation to the companies you quoted; I believe they’re focused more on chip design and mostly don’t do fabrication)
They’re harder to evaluate. Broadcom looks somewhat promising. I know very little about the others.
Micron Technology is another one that’s worth looking at.