The only AI related investment I have made so far is Micron. Regardless of whether it’s Nvidia, AMD, Intel or some new startups they all need RAM. Supply is controlled by 3 companies only.
I am still not sure about Nvidia. On the cloud side google already has its own chip. Facebook is working with intel. Amazon for sure is cooking something. Intel has been on buying spree acquiring AI startups and has now 5 or 6 different offerings. Lots of action too in self driving cars from many players including startups. Nvidia’s super high PE gives me pause. I am not sure it has the moats to justify it.