

Interview. Multi-Billion Dollar Global Tech Fund Manger William de Gale on Nvidia, Growth Investing, and Tech Enablers
27 snips Apr 23, 2025
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William de Gale's Tech Start
- William de Gale started covering tech by chance as the most junior member at Mercury Asset Management in 1997.
- He remained the sole tech analyst after others left, staying with tech investing for over 20 years due to its interest and importance.
Growth Bias in Public Tech Stocks
- Extreme revenue growth in large cap public tech companies often predicts poor future stock performance.
- Growth metrics favored in private markets can mislead public market investors, as high growth valuations tend to be fragile.
Nvidia: Long-Term Story, Short-Term Risk
- Nvidia is a key long-term enabler in tech, excelling in data processing for AI and other applications.
- Short-term risks include supply constraints and margin expansions that may not be sustainable due to emerging competition.