The better route for capturing AI upside with less risk is investing in semiconductor suppliers of picks and shovels who serve multiple LLMs and hyperscalers rather than betting on specific LLM winners, because suppliers have more diversified customer bases and healthier access to capital.
normativepending
Speaker
Joseph ShaposhnikEvidence Quote
“I think that where the opportunity to be, uh, to take on less risk and benefit from, uh, what is a very, very strong cycle, and certainly a secular growth end market, is on the semi side where you can you can invest in businesses that have a customer base that is far more diversified”
Created: 8/12/2026, 6:14:37 PM
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