Nvidia's CEO just told you exactly where to invest. Here are the 5 layers and the stocks in each.
At the G20 Innovation Ministerial in Chapel Hill, North Carolina, U.S. Commerce Secretary Howard Lutnick asked Jensen Huang a simple question on behalf of every government in the room.
If a country wants to participate in the AI revolution, what should it actually build?
AI, he said, is a five layer cake. Most people think AI is only the models. It is not. The models sit in the middle of a stack, and every layer under and above them has to exist for the thing to work at all.
I posted the layers on X earlier this week, so here is the longer version:
* What each layer does
* Which companies sit…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.