The Algorithm and the Abyss

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Colette Kress, a woman burdened with the knowledge of numbers—Nvidia’s CFO, to be precise—spoke of a future awash in silicon and code. Three to four trillion dollars, she posited, funneled into the infrastructure of artificial intelligence by the decade’s end. A sum so vast it feels less like a prediction and more like an admission—an acknowledgement of the relentless, almost demonic, force now reshaping our world. One cannot help but wonder if such sums will bring salvation or merely accelerate our descent into a new form of servitude.

The sheer scale of capital now devoted to this pursuit is, admittedly, staggering. But is it not the nature of man to chase phantoms, to build towers of Babel on foundations of hope and speculation? This “AI boom,” as the optimists call it, is not merely a technological shift; it is a psychological one. We are, each of us, entrusting our futures—our very thoughts—to algorithms. And in doing so, are we not abdicating a portion of our own humanity?

To attempt to select individual victors in this unfolding drama feels…presumptuous. A fool’s errand, perhaps. Better, surely, to spread one’s risk, to seek a broader exposure to this inevitable tide. Consider, then, the Invesco Nasdaq 100 ETF (QQQM 1.75%). A vessel, if you will, designed to navigate the turbulent waters of technological progress—and, yes, perhaps, impending doom.

A Diversion from the Void

At a price of $258, the QQQM remains, for the moment, accessible. It is a concentrated fund, a distillation of the largest non-financial entities trading on the Nasdaq. A tighter focus than the sprawling S&P 500, it offers a more direct line to the engines of innovation…and, consequently, a more pronounced vulnerability to their failures.

Nvidia, that purveyor of silicon dreams, commands a significant 8.99% of the portfolio. It is the primary beneficiary of this infrastructural frenzy, the modern-day alchemist transmuting electricity into intelligence. And alongside it stand the giants: Alphabet, Microsoft, Amazon—collectively constituting 18.3% of the ETF. These are the cloud kingdoms, the digital fiefdoms that will control access to the fruits—and the poisons—of artificial intelligence.

Apple, Meta, Tesla—even these titans have secured their place within the top ten holdings. To invest in these companies is to wager on the continuation of a remarkably successful, yet undeniably precarious, trajectory. The QQQM has delivered a total return of 99% over the past five years (as of February 2nd). A tempting reward, certainly. But one must ask: at what cost? And for how long can such growth be sustained? The expense ratio of 0.15% is, admittedly, a small price to pay for such potential gains…or for the illusion thereof.

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The Spectre of the Bubble

There is a palpable unease in the air, a nervous energy that surrounds this AI obsession. To dismiss concerns about a potential bubble is to indulge in a dangerous form of self-deception. Whether or not this market resembles a speculative frenzy is almost irrelevant. If one believes, as I do, that artificial intelligence will fundamentally reshape the world, then early and consistent investment is the only rational course of action. But one must proceed with caution, with a full awareness of the risks involved.

The Invesco Nasdaq 100 ETF, therefore, represents a viable option for those seeking exposure to these transformative forces. If valuation remains a concern—and it should—consider the strategy of dollar-cost averaging. Spread your investments over time, seizing opportunities as they arise—or as the market deigns to offer them. For in the end, we are all merely gamblers, casting our fate upon the winds of technological change.

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2026-02-05 17:22