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An Alternative Way To Play The AI Boom

The world of stock analysts and commentators, as seen in the financial media, has been abuzz this week with one big story. The Fed are conducting their annual get together at Jackson Hole, there are some worrying stories of economic issues out of China, and there is a curious sudden problem with, or at least admission of “shrinkage”, aka massive theft, in retail. These and countless other stories are getting mentioned, but the media has been dominated this week by one story…the build up to, release of, and analysis of, Nvidia (NVDA)’s second successive quarter of blowout earnings. You may wonder why I mention that here, given that this is a venue dedicated to all things energy-related, but it and the story behind the story have some significance for the sector that is being largely overlooked.

The AI Revolution is Real

Energy investors tend to be conservative by nature, and most are probably therefore skeptical about talk of “the AI revolution”. They will have a sense of deja vu, having seen similar things come and go in their own space many times. Fuel cell stocks, for example, have been the next big thing on more than one occasion, but stocks like PLUG, FCEL and BLDP are back down in the basement right now.  Nvidia’s last two quarters, however, have shown that the AI thing is not just hype and hyperbole. The saturation coverage may make you instinctively feel that way, but the numbers tell you that, at least in…

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