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Picks-and-shovels strategies alive as Nvidia fuels AI gold rush

Miners at work with picks and shovels during the 19th century gold rush in Klondike, Alaska.

Artificial intelligence and semiconductor stocks rallied late Wednesday during after-hours trading after Nvidia wowed Wall Street with its Q4 earnings. Investors seem to bet on more demand for “picks-and-shovels” in today’s AI-gold rush, echoing dot-com optimism according to some. 

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