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The bet on Nvidia has reached crazy levels. Here’s what comes next

Goldman Sachs’ believes a Goldilocks AI future is possible, with just enough cost savings to keep Nvidia surging without sacrificing too many jobs.

Jim Covello will never get into a self-driving car.

The head of global equity research at Goldman Sachs says he’s spent his working life trying to avoid tail risks, those unexpected events in markets that can rapidly wipe out an investor’s gains.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/this-ai-heretic-has-some-good-news-for-your-job-and-your-portfolio-20250718-p5mfwn