Why Betting Against Nvidia in the AI Arms Race Could Be a Mistake

In this episode of Investing Insights, host Ivana Hampton interviews Dan Kemp, Chief Research and Investment Officer with Morningstar Investment Management Europe, about Morningstar's 2026 Global Investment Outlook, which focuses on providing a framework for investors to navigate market uncertainty rather than relying on forecasts. Kemp emphasizes the importance of independent thinking, understanding capital cycles, and aligning portfolios with individual risk tolerance and objectives. The conversation also touches on lessons from 2025, particularly the need for discipline and a long-term focus. Later, Brian Colello, Senior Equity Analyst at Morningstar Research Services, discusses the AI arms race, its global build-out, and the associated risks, including supply chain issues, energy demands, and return on investment. Colello also shares his outlook on Nvidia and other chipmakers, highlighting potential opportunities and the competitive landscape, including the growing interest in Alphabet's chips.