AI-driven technologies such as ChatGPT are being adopted at breakneck speeds. Because of this, companies are scrambling to keep up – they need smarter software, stronger networks and better computers. This has created huge opportunities for pioneering firms such as TSMC, ASML and Nvidia. Investment managers Tom Miedema and Jamie Zegleman explore whether these innovative companies will maintain their competitive edge.
Key Takeaways
- Chip giant TSMC faces a delicate balancing act, between meeting the demand for its chips and not building too many billion-dollar factories.
- Legacy software providers such as SAP and Adobe benefit from having earned their customers’ trust, provided they can innovate quickly enough.
- Tom and Jamie’s trip to ASML’s lithography factory gave them a behind the scenes view of the machine that makes the world’s most advanced chips. Each machine costs over $100 million, and requires 40 shipping containers and multiple cargo planes to deliver to customers.
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Stock Examples
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