NVIDIA remains one of the most compelling stories in the tech sector, with strong fundamentals, robust demand, and solid capex numbers regardless of hyperscaler activity, Rajiv Jain, Chairman and CIO of GQG Partners told Bloomberg.
Jain emphasised NVIDIA’s robust fundamentals, noting that even with fluctuating capex figures from hyperscalers, the company's core strengths remain intact.
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When asked about the long-term growth prospects for hardware and semiconductors, Jain pointed to growth challenges in Europe and Asia, which make semiconductors a particularly promising sector.
Additionally, Jain expressed interest in US utilities, which he believes are currently undervalued.
He also highlighted potential disruptions in the software industry, particularly for seat-based software companies, where growth rates could dramatically slow due to industry-specific conditions rather than macroeconomic factors.
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