While some strategists say to “buy high, sell higher” on Nvidia stock, Terry Smith is staying away from Nvidia altogether.
Smith has been called Britain’s Warren Buffett; he manages the £22.8 billion ($29.33 billion) Fundsmith Equity Fund.
He has chosen not to invest in Nvidia, the world’s largest company with a market cap of over $3.5 trillion at the time of writing because he says consumers haven’t shown that they’re willing to pay for AI.
“I’m not confident that we know what the future of AI is because there are almost no applications people are paying for,” Smith told Bloomberg last week. “Will they be willing to pay on a sufficient
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