Why Nvidia Is My “Slam Dunk” Investment For The Decade

SourceForbes
SectorFinancial Markets
CountryMiddle east

POLAND - 2020/11/04: In this photo illustration a Nvidia logo seen displayed on a smartphone. (Photo ... [+] Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images What was the most important financial event of 2020? Most folks would tell you it was the coronavirus pandemic and the economic devastation caused by government lockdowns. But that’s wrong.

For investors, the most life-changing thing that happened last year has to do with computer chips. In 2020, for the first time ever, the value of the computer chip industry surpassed that of the oil industry. The 30 largest semiconductor companies are now worth $2.5 trillion combined. Compare that to $1.7 trillion for the 30 largest oil firms. This sent an important signal to investors. Oil is no longer the most important resource is the world. Computer chips are. Longtime RiskHedge readers know computer chips, also called semiconductors, are the “brains” of electronics. There would be no iPhone, Amazon Webstore, or online messaging apps without them. Temperature sensors in air conditioners are powered by tiny microchips. Rice cookers cook rice to perfection because built-in semiconductors control the heat. The chip inside pacemakers sends electrical pulses to the ...read more...