The best-placed stock on the ASX to ride AI boom
The US sharemarket has lifted twice as much as the ASX thanks to the AI boom – but there are locally listed stocks ready to become champions of the sector.
Why has Wall Street’s S&P index lifted 18 per cent, against only 6 per cent on the ASX over the year to date?
It’s due to the US-based AI-fuelled boom that put the big tech stocks such as Amazon and Tesla back in the money.
On the ASX we have a limited technology sector, but today’s guest on the Money Puzzle podcast is sure our market carries at least one AI champion … if not two.
Data storage specialist NextDC and a smaller rival, Macquarie Technology, are examined in this episode as potential choices for local investors who are not willing to make the jump into Wall Street to buy wildly expensive stocks such as chipmaker Nvidia.
Who is the guest?
Rudi Filapek-Vandyck is editor of sharemarket research service www.fnarena.com
Why him?
He is an expert on the sharemarket investments of retail investors on the ASX.
What are the topics?
● The AI contenders on the ASX
● Will CSL recover?
● The best and worst of exchange-traded funds
● Gearing into shares
Question of the week
Regular listener Matthew asks: The magnificent seven – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla – represent 29 per cent of the S&P 500, or 61 per cent of the Nasdaq 100. All have led amazing returns in the past 12 months.
My question is: Is it possible to lock in these returns by hedging while still staying invested in the S&P 500? If one wanted to do that, how would they go about it?
Questions always welcome to the podcast, via themoneypuzzle@theaustralian.com.au
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