Nvidia, AI, and the Future of Work: What Investors Need to Know

AI Writes Songs — and Reshapes Markets

This week, a friend showed me something jaw-dropping. He wrote a country song with ChatGPT, generated a full studio version using Suno, then edited it in Logic Pro — where AI had separated the vocals and instruments into editable tracks. “Now I can swap out the drum machine for real drums,” he said. The whole process took minutes.

The final product? Catchy, creative, and — most importantly — a glimpse into the future.

This isn't just a fun story about music. It's a live demonstration of how AI is fundamentally reshaping how we create, search, and work. The implications reach far beyond the studio and deep into the boardroom, factory floor, and even your investment portfolio.

Big Tech Is Back — Nvidia Takes the Throne

In a remarkable rebound, Nvidia has overtaken Microsoft to become the largest U.S. company by market capitalization — $3.45 trillion as of this week. Just months ago, the stock tumbled during an AI selloff sparked by competition in China. But like a phoenix, it has soared back on the strength of unprecedented AI demand.

Nvidia’s GPUs power the tools that drive generative AI, the same technologies helping artists write songs, programmers write code, and analysts write reports. As AI proliferates, Nvidia’s hardware forms the backbone.

Meanwhile, the S&P 500 has rallied in recent weeks, with Big Tech once again leading the charge, powered by earnings, innovation, and investor enthusiasm for AI-related growth.

From Hype to Hiring Freeze: AI’s Real Labor Impact

New data confirms what many suspected. AI isn’t just augmenting jobs, it’s replacing them.

• Shopify and Duolingo are among the companies requiring managers to prove AI can’t do a job before they get permission to hire.

• Revelio Labs found a 31% drop in job postings for roles with high AI exposure since late 2022.

• Roles like database administrators, auditors, and data engineers are disappearing faster than restaurant managers or mechanics, jobs AI can't easily replicate.

Yet this trend isn't without complications. Klarna, a fintech company that once touted its AI-driven hiring freeze, has reversed course after realizing quality was suffering. Human agents are back on the payroll.

Still, it’s important to remember that transformation takes time. For most workers, AI won’t replace you tomorrow, but you could be replaced by someone who knows how to use it better. That’s why upskilling is essential. The most resilient professionals will be those who embrace AI as a tool to boost productivity, save time, and elevate the quality of their work.

Start experimenting with it now, even in small ways. You might streamline a task, spark a new idea, or—who knows—compose a hit song in your spare time.

The Investment Opportunity

As shown in this chart from Morgan Stanley, technology has compounded over 60+ years, from mainframes to mobile internet to the AI era. The next computing wave could involve tens of billions of AI-enabled devices, unlocking trillions in productivity gains and investment potential.

Infrastructure plays like cloud computing, data centers, semiconductors, and AI services are no longer niche. They are core allocations for portfolios that want to capture future growth. Nvidia’s meteoric rise is just one example.

What This Means for Investors

We’re in the midst of a structural shift, not just another cycle. AI is changing how businesses operate, how people work, and how capital flows. But with every breakthrough comes uncertainty, including which companies will adapt successfully and which will be left behind.

At Runnymede, we’re watching these trends closely, seeking opportunities for long-term growth while managing risks.

Stay adaptable. Stay informed. The AI future isn’t coming — it’s already here.

How are you currently using AI in your work or business — and what’s surprised you most so far?

Andy Wang, Managing Partner at Runnymede Capital Management, Inc.