Episode 75
“The best of the bull market is still ahead of us.” That’s how Nick Griffin, Founding Partner and CIO of Munro Partners, sees it. The Australia-based global growth investor joins In the Money with Amber Kanwar to explain why the AI boom isn’t a bubble — it’s the start of a once-in-a-generation expansion. Griffin says we’re only in year three of a bull market that could last a decade, with trillions of dollars still to be spent building the infrastructure for artificial intelligence. From data centers and chipmakers to clean energy and sports entertainment, he breaks down where the biggest opportunities lie — and why staying optimistic could be the smartest move in markets right now.
He also weighs in on the U.S.–China trade war, why Taiwan Semiconductor (TSM) is both a risk and an opportunity, and how global tensions could shape the race to dominate AI.
In the Mailbag, Amber and Nick dive into listener questions on some of the world’s biggest growth names — including Shopify (SHOP) and its OpenAI partnership, Salesforce (CRM) and its fight to stay relevant, Intuitive Surgical (ISRG) as an AI-in-healthcare leader, and why Mastercard (MA) continues to beat every disruption story thrown its way. Griffin also explains why Constellation Energy (CEG) has become an unlikely growth stock, and what he admits he got wrong about Palantir (PLTR).
In Pro Picks, Griffin shares his three highest-conviction ideas: Nvidia (NVDA), still his top holding even after its massive run; Contemporary Amperex Technology (CATL), the battery giant powering the clean-energy transition; and TKO Group (TKO), the UFC–WWE parent company capitalizing on the unstoppable rise of live sports.
Timestamps
00:00 Show intro
03:30 Why Nick thinks the best of the bull market is still in front of us
05:20 Comparing the AI revolution to the first time you got an iPhone
06:50 Is it valid to compare this time to the dotcom bubble?
08:20 Nick is in the camp this is a boom, don’t be scared of the boom
10:20 What about the circular nature of some of these AI deals?
11:50 Why Nick listens to everything Nvidia’s Jensen Huang says
15:50 How Nick handled the downturn in 2022
18:00 What about U.S.-China tensions and what that means for the AI revolution
19:25 Why AI is just one-third of Nick’s global growth fund. Why he’s focused on climate and sports too
22:25 ITM Mailbag: Shopify (SHOP) stock
25:25 Taiwan Semiconductor (TSMC) stock
28:30 Salesforce stock (CRM)
31:00 Nick’s thoughts on quantum
33:25 Intuitive Surgical stock (ISRG)
35:40 Visa & Mastercard stocks (V, MA)
38:30 Constellation Energy stock (CEG)
40: 50 Palantir stock (PLTR)
42:45 Nick Griffin’s Pro Picks (NVDA, CATL, TKO)
Sponsors
For 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.
This segment has been paid in part by CI Global Asset Management. Find out more at: https://www.cifinancial.com/ci-gam/ca/en/index.html
Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information
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Published on 3 weeks ago
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