“Godvidia, I’m the only one without you”… Second chance to catch NVIDIA, pay attention here – Mael Business Newspaper

“The best investment for the next 5 to 10 years will come from power infrastructure. Investment in artificial intelligence (AI) should not be limited to semiconductors.

This is the conclusion reached by Wall Street experts who attended the ‘2024 Global Finance Leaders Forum’ held at the Plaza Hotel in New York, USA on the 23rd (local time). Wall Street experts predicted that power supply and demand will determine the success or failure of the AI ​​industry, and that the AI ​​investment ecosystem, currently based on semiconductor chips, will spread to power utilities, cooling and air-conditioning systems. atmosphere, and data centers. Related articles A4, 5 pages

Jósaph Seidl, Blackstone’s Chief Investment Strategist (CIS), said, “In the United States, power resources are already aging and in urgent need of improvement. ” light on the fire.” In the end, the explanation is that companies that solve this problem will emerge as promising investment destinations that dominate the AI ​​ecosystem.

Je-seong Yoon, Chief Investment Officer (CIO) of New York Life Asset Management, also said, “Uninterruptible power supply is more important than anything else to keep the AI ​​data center running smoothly. ” He added, “The second ‘NVIDIA’ will come out of the power infrastructure ecosystem, not from a semiconductor company.” “It’s very likely,” he said.

Investment in infrastructure is also taken into consideration as it can overcome inflation. This is because as prices rise, service charges such as electricity and gas also rise.

Meanwhile, Wall Street tycoons were looking at the macroeconomic outlook, including interest rates and prices, as a ‘zero clock’ for next year. Middle East conflict escalated, fueling inflation, and uncertainty surrounding the US presidential election worsened. The US fiscal deficit is also snowballing. Some on Wall Street worry about a ‘recovery’, where prices rise again after falling.

Richard Clarida, a Pimco consultant and former vice president of the Federal Reserve Board, who attended the forum, said, “It is likely that the US interest rate will be cut by another 0.5 percentage points by the end of the this year, just starting. next year, we can’t even predict an inch ahead.” He said, “The 10-year bond interest rate US Treasury “I wouldn’t be surprised if it goes up to 5%,” said e.

Accordingly, there was an idea that the so-called ‘hit and run’ investment method could be considered. CIO Yoon said, “‘Smart money’, which produces short-term profits and disappears quickly, crosses industries and countries,” and added, “Recently, it has been fun have Wall Street hedge funds making profits in China, where the stock market has been. increased due to the effect of economic stimulus. “

About 160 Korean and American financial and business officials attended the forum, including Shinhan Financial Group Chairman Jin Ok-dong, Hana Financial Group Chairman Ham Young-joo, KB Financial Group Chairman Yang Jong-hee , Korea Investment Corporation (KIC) President Park Il -young, and Korea Bankers Federation President Cho Yong-byeong. Seungjun Jang, Vice Chairman of Maeil Business Newspaper, said, “In an investment environment facing a turbulent time, Wall Street and Korean financial institutions were able to work together to find a survival strategy.”