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Why own Nvidia when you can buy picks and shovels?

06 October 2025

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. We do not have to buy it as we are not index trackers. 

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