The market’s attention has been captured by the meteoric rise of companies powering the artificial intelligence (AI) boom. Semiconductor and software firms have seen their valuations soar as they build the digital infrastructure for this new era.
While this initial pick-and-shovel phase has created immense wealth, it has also pushed valuations to levels that leave many investors seeking a more grounded entry point. This raises a critical question: After the initial AI gold rush, where is the sustainable value?
