Equity Mates Investing Podcast
Picks and shovel AI stocks, investing in cyclical stocks & Chris Judd joins the show
Feb 2, 2025
Chris Judd, a former AFL champion and managing director of Cerutty Macro Fund, shares his insights into the world of macro investing. He highlights the unexpected opportunities in AI infrastructure beyond big names like Nvidia. The conversation covers the importance of 'picks and shovels' in investing, especially in semiconductor and energy sectors. They also dive into the dynamics of cyclical stocks, focusing on strategic investments following the US election and Chris's take on the evolving economic landscape in Australia.
35:55
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Quick takeaways
- Investing in AI infrastructure offers substantial opportunities through picks and shovels companies like semiconductor manufacturers, not just big tech firms.
- Understanding cyclical stocks is essential as their performance is greatly influenced by economic changes, requiring careful timing and analysis for successful investment.
Deep dives
Impact of AI on Market Investments
The episode discusses the significant financial investments being made in AI infrastructure, highlighting that major tech companies like Elon Musk's firm and Meta are committing substantial amounts to build data centers. It notes that $200 billion is expected to be spent by key players including Microsoft and Oracle, underscoring the growing importance of AI in driving economic growth. The conversation centers on the implications of such investments, prompting investors to consider opportunities beyond just the large tech firms. This opens a dialogue on innovative ways to capitalize on the booming AI sector, particularly through lesser-known companies supplying essential infrastructure.
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