Why own Nvidia when you can buy picks and shovels?

Everyone seems to be talking about “Artificial Intelligence” (AI) as the next industrial revolution which will impact all sectors. Nvidia has been the standout performer with its technological lead in designing AI chips. The stock has done brilliantly. It is worth more than all the stocks of the FTSE100 added together. But, we do not want to buy it. As a proudly independent firm we asked W1M, a leading investment house - “So, if we do not own Nvidia, are we missing out on benefiting from the AI theme?”

Read the W1M article here.