$NVIDIA Corp(NVDA)$ I invested in NVDA and AMD $Advanced Micro Devices(AMD)$ years ago because of exposure to NVIDIA's role in AI through work. There are no other ways to easily invest in AI (yet), because the businesses haven't scaled to enough magnitude to be public market viable. I saw and still see AI as inevitable and the ultimate technological "space race" of this century.
When NVDA first jumped multiples earlier this year, I thought it was a bubble then because of the valuation spike and because genAI was way overhyped by the general public and tech illiterate finance types. I thought it would peter out quickly and everyone would be down on it without genAI making much impact. For better or worse, I was wrong and now the momentum is too strong. Too many investments have been made and general awareness has permeated even the most tech ignorant boomers. ChatGPT was a strategic release to hyperscale awareness and accelerate adoption of AI by the general public and non tech businesspeople, but it was already inevitable before that ever got publicized. It still is inevitable.
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