In investment parlance, a "picks-and-shovels" business is one that supplies essential equipment to companies in an industry, rather than the industry's end product. The term was coined during the ...

Upstream of the chipmakers, First Avenue Investment Counsel has also invested in Vistra, noting its well-positioned fleet of ...

CoreWeave is fundamentally a picks and shovels business: It supplies GPUs to an industry that has desperately sought them. Unfortunately though, it appears that the industry does not need them as ...

Everyone wants a seat at the greatest poker table of the millennium. Nat Gas pipeline stocks offer a "picks and shovels" play in this gold rush. Sophisticated investors should focus on second and ...

Partners Matt Murphy and Tim Tully are anticipating a "gold rush" around AI's "picks and shovels." They say 2024 will be driven by infrastructure startups that make AI even more powerful.

Redwire had a seemingly strong story, as a "picks and shovels" play on growing demand for space exploration, particularly from the private sector. But the SPAC deal was done at an enterprise value ...

Nvidia still sells the best picks and shovels for the AI gold rush. Broadcom’s sales of AI-oriented data center chips are surging. TSMC remains a foundation stock of the semiconductor and AI ...

Semiconductors are the picks and shovels of modern technology. Still, they’re subject to swings in the broader economy because customers often stockpile chips ahead of demand, and investors seem ...