Elon Musk doesn’t himself buy stocks, but he has some thoughts on which stocks could do well in the next years.
In a chat with podcast host Nikhil Kamath, the Tesla and SpaceX CEO was posed a hypothetical question: if he had to acquire one company’s stock today—excluding his own ventures—for capitalistic and not philanthropic goals, which would it be? Musk’s answer was revealing, not just for the companies he identified, but for his broader perspective of where wealth creation is headed in the economy.
“I don’t actually purchase stocks,” Musk clarified initially. “I am not an investor.” I don’t seek out opportunities for investment. I simply attempt to create things. And then there exists inventory of the business that I created. “However, I don’t contemplate whether I should invest in this business, nor do I possess a portfolio or anything similar.”
Even though he was not personally active in investments, Musk readily addressed the question. “AI and robotics will play a crucial role,” he remarked. “I guess they would be AI and robotics (companies) that are not connected to me.” I believe Google will be quite beneficial in the future. They’ve established the foundation for a significant level of value generation from an AI perspective. “Clearly, NVIDIA is apparent at this stage.”
However, Musk took it a step further, providing a daring forecast regarding the future makeup of economic worth. “Some argue that firms involved in AI, robotics, and possibly space exploration will hold nearly all the value, if not the majority of it,” he stated. “The production of goods and services from AI and robotics is so immense that it will overshadow all else.”
Musk’s evaluation corresponds with present market trends and recent changes in the AI field. Alphabet, Google’s parent firm, has led AI research for years, creating essential technologies such as the Transformer architecture that supports contemporary large language models. The DeepMind division of the company has developed groundbreaking AI systems, and Google has swiftly incorporated AI features throughout its range of products, from search to productivity applications. This year, Google’s stock has skyrocketed and has increased twofold in the past 6 months.
NVIDIA, in the meantime, has come to represent the AI surge. The graphics processing units from the chipmaker have become vital for both training and operating AI models, establishing the company as a key infrastructure supplier for the AI revolution. NVIDIA’s market value has skyrocketed due to increased demand for its chips, establishing it as the most valuable company globally.
Musk’s remarks imply a future in which conventional industries might find it difficult to rival the productivity improvements and value generation brought about by AI and robotics. This viewpoint—that AI firms will seize “nearly all the value”—signals a significant transformation of the economy, in which automation and smart systems not only enhance human labor but also fundamentally alter which sectors and companies are most important. The accuracy of this prediction will hinge on the speed at which AI and robotics fulfill their potential, and whether their advantages are widely shared or are concentrated among a few leading entities.