Futurum CEO Daniel Newman and SlateStone Wealth's Kenny Polcari discuss where to put new money in the AI trade. Newman still favors infrastructure, semiconductors, equipment and foundry companies such as ASML and TSMC, which he sees as solid even without the parabolic moves of some constraint-based names. He expects Nvidia to generate about a trillion dollars in profit over the next six to eight quarters, with benefits then flowing to Dell, HPE and software firms before reaching the broader economy. Healthcare and financial services benefit only indirectly, and investors will feel more comfortable once AI makes those companies more profitable. Newman also cites SpaceX, noting Elon Musk's view that a return on billions of dollars of investment within six months is not impossible, and that this is already showing in the company's numbers.
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AI investmentNVDAsemiconductorsartificial intelligence
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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