Equity Mates Investing Podcast

Google and Nvidia will 20-bag from here according to this expert | David Tuckwell - ETF Shares

22 snips
Jan 29, 2026
Guest
David Tuckwell
David Tuckwell, Chief Investment Officer at ETF Shares, is a seasoned ETF strategist assessing US mega-cap tech. He explains why Alphabet remains a dominant compounder. He describes Nvidia’s software-driven moat and why AI is infrastructure, not hype. He also contrasts ETF strategies with concentrated stock bets for long-term investors.
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INSIGHT

Bubble Claims Don't Fit The Numbers

  • NVIDIA and Broadcom P.E. ratios have collapsed significantly over two years, undermining a classic 'bubble' narrative.
  • Falling P.E. ratios mean investors now receive a larger share of profits, suggesting valuation compression not an overheated bubble.
ADVICE

Expect A Long Build Before AI Profits

  • Be patient during heavy AI capex phases because infrastructure spending can precede large profit waves.
  • Expect prolonged cash burn and market churn before profits arrive, so hold for long-term payoff.
INSIGHT

Alphabet As Internet Infrastructure

  • Alphabet now ranks as the most profitable U.S. company and operates as core internet infrastructure across search, Android, Chrome, and YouTube.
  • This deep integration creates an infrastructure bottleneck and huge embedded user reliance.
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