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NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI A Deep Dive into its Unassailable Position in AI by Tim Chesterfield, Chief Investment Officer, PG Investments For the past year, the market has been […]

Last month, in a case brought by the Department of Justice (DOJ), Judge Amit Mehta of the US District Court ruled that Google’s anti-competitive behaviour – of defending its monopoly in what we call ‘search’ through exclusive payments to companies that can channel people to search and specifically Google search – is illegal. This ruling

Much will change and writing ahead of President elect Trump’s inauguration on January 20th will no doubt provide additional insight to broad topics, but we are in for an exciting time. U.S domestic and international policy, tariffs, inflation (still), economic growth, interest rates, debt, AI use cases, competition and the long-awaited increase in primary issuance

Let us start with what will be the biggest understatement of 2025: DeepSeek changed a lot! In the ever-changing world of AI, it has been widely accepted that developing leading-edge large language models (LLMs) requires significant technical and financial resources that are within the purview of only a few. In 2025, it is anticipated that

The technology boom of the late 1990’s saw a dizzying number of Initial Public Offerings (IPOs) come to the market, spanning all kinds of business models. Many of these companies were start-ups, and in the absence of earnings, other growth metrics were used. With internet traffic doubling every 100 days, valuations were based on extraordinary

One of the best-known consumer brands of the past 50 years might be tempted to update its famous tagline to ‘Just spend it’. In late June the share price of Nike dropped almost 20% after sales disappointed, especially in ‘direct-to-consumer’. This is the second time the company has guided recently to softer sales, with expectations

The Arms Race in Tech Stocks – Will we See an Industry Reset? The Arms Race in Tech Stocks – Will we See an Industry Reset? THE ARMS RACE IN TECH STOCKS –WILL WE SEE AN INDUSTRY RESET? “A billion here, a billion there, and pretty soon you’re talking about real money.”Attributed to Everett Dirksen

May 2024 ‘Prophesy is a good line of business, but it is full of risks.’ – Mark Twain Welcome to our second letter of 2024. In a meeting recently someone uttered the words, ‘this is the fastest year ever’ and in a moment of reflection, I concluded that not only was it spot on with