Is Boeing a Buy? AI Picks & Shovels (and Scott’s Ketamine Trip) | Prof G Markets

Investment Trends

The conversation shifts to emerging investment opportunities in AI and related technologies, with a focus on energy efficiency. Scott Galloway highlights the impressive rise of Vertiv, which outperformed Nvidia in 2023, and Prologis's ambitious plans to invest $8 billion in data centers over the next five years 1. Ed Elson emphasizes the growing demand for computational efficiency and production, noting that global spending on compute power is projected to surpass the current GDP of the US by 2037 1.

The way I see it, so are just the plain old energy companies that actually power these data centers.

--- Ed Elson

The discussion also touches on the potential resurgence of energy stocks as AI drives increased energy consumption 1.

   

AI Market Dynamics

The analysis of AI market hype versus reality reveals interesting dynamics in stock market behaviors. Scott Galloway describes the phenomenon of "AI remora phishing," where companies like Oracle leverage AI buzzwords to boost their stock performance 2. He notes that Oracle's earnings call heavily featured mentions of Nvidia and AI, which positively impacted their stock 2.

Everybody wants a little of that AI Nvidia dust around them.

--- Scott Galloway

Ed Elson adds that Oracle's unique position in the cloud infrastructure market, not developing its own AI models, makes it an attractive partner for AI startups 2.