Picks and shovel AI stocks, investing in cyclical stocks & Chris Judd joins the show

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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.

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INSIGHT

AI Infrastructure Boom Creates Opportunities

AI infrastructure spending is booming, with tech giants investing billions.
This creates opportunities beyond just data centers, like "picks and shovels" plays.

ADVICE

Look Beyond the Obvious AI Plays

Consider data center builders, chip makers, and service providers for AI infrastructure plays.
Look beyond obvious names like NVIDIA and explore lesser-known companies.

INSIGHT

Understanding Cyclical Stocks

Cyclical stocks follow cycles driven by external factors like commodity prices or economic conditions.
Their performance is tied to these cycles, creating opportunities for investors.

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Turns out, there's more to investing in AI than Nvidia. In today's episode we unpack some of the picks and shovel stocks that have been big winners with the huge investments in AI infrastructure.

That's not all we chat about in another big episode of Equity Mates:

Answer a question on investing in cyclical stocks
Explain the biggest risk when analysing cyclical stocks
Speak to Chris Judd of Cerutty Macro Fund about the macro landscape and how he is investing

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