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Tim Mackay

Don’t fixate on AI’s boom, a similar revolution is happening elsewhere

At the heart of this is Novo Nordisk, a 100-year-old Danish firm, the Nvidia of weight loss drug companies – and SMSFs should take note.

Tim MackayContributor

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The surge in technology stocks led by Nvidia has captivated the market’s imagination, propelling indices to record highs. Yet, for all its promise, AI remains a solution in search of problems.

Parallel to the tech boom, another revolution is under way in the weight loss industry. Once a field dominated by quacks, crooks and shysters, today it’s at the forefront of medical breakthroughs.

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Tim Mackay is an independent financial adviser at Quantum Financial.

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    Original URL: https://www.afr.com/wealth/personal-finance/don-t-fixate-on-ai-s-boom-a-similar-revolution-is-happening-elsewhere-20240308-p5fau3