In apodcast episodewith Nikhil Kamath, tech mogul Elon Musk revealed which sectors he would invest in for the future. Musk stated that he does not really buy stocks, and does not look for things to invest in. Instead, he said that he tries to build things, and ends up owning stocks of the companies he has built. He states, “I don’t have, like, a portfolio or anything.” Nonetheless, the world’s riches person highlighted a few sectors that he would look into for the future. Let’s discuss what they are.
Towards the end of his interview, Kamath asked Musk which companies he would like to invest in, with a purely capitalistic end and not an altruistic one. Musk says that “AI and robotics are going to be very important.” This comes as no surprise as AI innovation has more or less pushed the global market over the last few years. Musk specifically mentions Google and Nvidia as two companies that could shape the future.
Musk states that “I think Google is going to be pretty valuable in the future.” Musk notes that Google has laid the groundwork for value creation from an AI standpoint. Google’s stock, Alphabet (GOOG), has seen a massive price appreciation over the last few years. According to Musk, Google’s foundational work could lead to continued appreciation.
Nvidia’s (NVDA) incredible stock price surge has been purely through global chip demand to power AI platforms. Musk noted, “Nvidia is obvious at this point.” NVDA’s market cap has surpassed the GDP of several developed nations over the last few months.
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Although Musk says he personally does not have a portfolio and does not buy stocks of other companies, he believes Nvidia and Google could see big gains in the future.
Source: Watcher Guru
