.jpg){kind=avatar}
Investors’ pursuit of the companies supplying key materials to the artificial intelligence build-out is powering an epic rally in shares of chip makers. Other companies caught in the frenzy include a 175-year-old glass manufacturer, a heavy machinery giant and Japan’s leading maker of toilets.
“Are they a pick-and-shovel? You can say they very much are in a literal way,” said David Miller, chief investment officer at Catalyst Funds, which has built big positions in companies at the “bottleneck to the build-out” of AI.
More posts by Chris King
Recent posts from News by FinTech Collective