In this week’s Investor’s Daily, our colleagues covered a whole range of subjects.
But what is perhaps most striking is how the subjects cover the extreme opposites of the investing spectrum.
At one end is Nick Hubble’s advocacy for gold and silver. At the other end is commentary on artificial intelligence (AI).
But despite the difference, both precious metals and AI technology are a key part of any investor’s portfolio. Whether that’s gold and silver bars… gold and silver miners… microchip mega-stocks like Nvidia… or companies involved directly or indirectly in the AI boom.
It’s clear the AI boom isn’t over yet. Even though Nvidia (NVDA) this week broke through the US$4 trillion valuation barrier.
And at a current price around US$164 per share, the gains may not be over. According to analyst forecasts, the average price target is US$173.92. The highest price target is US$250.
At the same time, 58 of 66 analysts rate the stock as a buy or strong buy. Of course, those with a bearish opinion of the market could equally see the price performance, price targets, and analyst bullishness as a reason for fearing the market is at or near a peak.
How much longer can this market run? Often, longer than anyone thinks possible. Given the choice, we would rather be in the market than out of it.
Cheers,
Kris Sayce
Editor & Publisher, Investor’s Daily
What you may have missed…
An uncivilised asset for an uncivilised age
“Civilised people don’t buy gold,” said Berkshire Hathaway’s Charlie Munger. But it’s no good being civilised if you’re living in an uncivilised age. Read more here…
Why silver is the best way to profit from Trump’s coming melt-up market
Imagine if Chancellor Rachel Reeves could print money. Do you think she would’ve been tempted to print her way out of fiscal purgatory last week? Luckily for us, the Bank of England controls the money supply. We don’t trust politicians with it anymore. Which begs the question why on earth we would trust Bank of England Governor Andrew Bailey instead. But never mind that. We have even bigger fish to fry…. Read more here…
Does your portfolio resemble a Luddite?
Imagine if the Luddites had won. We’d still be toiling at hand looms while our children pluck stray cotton off the floor. Or worse, the Luddites’ agrarian predecessors, the Muddites, might’ve kept us out in the fields all day long. I can’t imagine my kids keeping a potato on their plate, let alone digging one up. Read more here…
Superintelligence Will Never Arrive
Readers know at least two things about artificial intelligence (AI). The first is that an AI frenzy has been driving the stock market higher for the past three years even with occasional drawdowns along the way. The second is that AI is a revolutionary technology that will change the world and potentially eliminate numerous jobs, including jobs requiring training and technical skills. Read more here…
The Curious Case of Fake GDP
While this story focuses on America’s illusion of endless growth, UK investors should take note: we’re caught in the same cycle. Inflated asset prices. Spiraling debt. A cost of living that defies official figures. Read more here…
