Nvidia(US:NVDA) Bloomberg Technology·2025-09-23 19:40Investor Sentiment & Market Trends - Investor enthusiasm for data centers and AI is growing, with expectations that revenues will match or exceed expenditures in the coming years [1][2][3] - Investors are seeking diversification beyond the "Magnificent Seven" tech companies, looking for exposure to other semiconductor companies and data owners involved in the AI space [5][6] - AI is considered a long-term investment theme expected to drive markets for the next decade and beyond, despite potential short-term anxieties [15] ETF Performance & Strategy - One actively managed ETF has attracted over $5 billion this year, becoming the largest AI ETF in the United States, focusing on digital infrastructure, hardware producers, and data owners [2] - Actively managed funds can provide value by looking beyond consensus views and identifying emerging names in the AI ecosystem, globally [7][8] - The iShares innovation and tech actively managed ETF has seen accelerating fund flows, indicating a lack of significant anxiety among investors [14] Energy Sector & AI - There's increasing interest in various energy sources (nuclear, fossil fuels, renewables) to power the AI trade, viewing utilities through a forward-looking lens [11] - Investors are broadly considering the entire energy value chain, including necessary energy fuels, producers, and distribution methods [13] Company Strategy & Fundamentals - Leading technology companies with low costs of capital and access to dollars have a significant advantage in leveraging their strengths in the AI space [4] - Earnings direction is more important than current revenue for large language model developers, focusing on subscriber growth, model development, and corporate penetration [16][17]