At any time these companies could be usurped by some new tech.
The ones that follow could be replaced as well.
I prefer to be amongst the picks and shovels – a reference to gold mining in the 19 Century nearly everywhere, including California and New Zealand :
The historical parallel between the 1840s California (and NZ’s own Gold Rush in the latter part of the same century – my contribution! ) Gold Rush and the modern AI Revolution is one of the most accurate frameworks for understanding where value is captured during a technological boom.
During the mid-1800s, hundreds of thousands of miners rushed to California to find gold. A few struck it rich, but the vast majority left empty-handed. However, the merchants who sold shovels, pickaxes, denim jeans, and wheelbarrows built massive, predictable fortunes.
In the AI era, the same structural dynamic is repeating: companies building the foundational hardware and infrastructure are printing money, while the companies building user-facing apps are taking the massive risks.
Even though ai is risky it is here, we have to deal with it AND PURSUE it.
I chose not to sink my money into those areas i deem risky, like some of the ones above that I started the story with – because of the sheer magnitude of their ups and downs – on the stockmarket – AND what is perceived as value.
YOU cant go too wrong with Warren Buffetts advice, look for stocks with fundamental qualties, a low PE, low debt, increasing revenues over time – Warrens time and my time might be diff – he would be talking 20 or more years, I would be talking a min of 5 years – it is the ai that has speeded things up in IMHO.
With this in mind you too could be allready primed for the second coming.
The ai gold rush boom of the early part of the 21 century.
c Share Investor 2026
