Barron's Live Talking Markets with Jan van Eck
13 snips
Nov 17, 2025 
Jan van Eck, CEO of VanEck and ETF innovator, discusses the prevailing market trends influencing investments. He shares insights on the cautious optimism for 2026, contrasting government deficits and stimulus impacts on growth. Delving into sectors, he highlights the semiconductor shortage driven by AI demand and the long-term potential of India's market. Jan also addresses gold's rally amid de-dollarization and assesses large players like NVIDIA in shifting tech landscapes, while exploring nuclear energy's role in future demand.
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Macro Signals Outside Markets Matter
- VanEck looks for signals outside financial markets like government policy and technology to form its macro view.
- That approach led Jan van Eck to expect slower stimulus but no recession and optimism for AI-driven growth in 2026.
AI Creates A Compute Shortage
- Jan identifies a looming compute shortage driven by explosive token demand supporting semiconductor demand through 2026–27.
- He calls NVIDIA the 'mainframe company of today' because it provides a sticky compute platform beyond chips.
Add Gold With Dollar‑Cost Averaging
- VanEck views the current gold cycle as long‑term and tied to de‑dollarization by global central banks.
- Do not panic about missing the rally; dollar cost average and view corrections as buying opportunities.