Three Pillars of Future Wealth

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It’s a truth universally acknowledged, that a gentleman (or gentlewoman, or anyone who appreciates a comfortable retirement) must be in possession of a substantial fortune. Not merely enough to avoid the workhouse, mind you, but a sum capable of supporting a life where one doesn’t have to calculate the cost of biscuits before dunking. Financial planners, those oracles of sensible shoes and spreadsheets, suggest aiming for an income in retirement equivalent to eighty percent of your pre-retirement earnings. Which, when you think about it, is a rather generous allowance for sloth and contemplation. Most of us, given the choice, would manage perfectly well on seventy percent and a good book. But let us not quibble over the details. The point is, building that nest egg requires more than just wishing really, really hard. It demands a strategy, a touch of foresight, and a willingness to invest in things that aren’t just stamps and commemorative spoons.1

1. Broadcom: The Silent Engine

Everyone’s terribly excited about Nvidia and AMD, all flashing lights and impressive benchmarks. Like magpies admiring shiny objects. But Broadcom, ah, Broadcom is a different beast altogether. It doesn’t shout from the rooftops; it quietly builds the plumbing that makes the whole digital world function. Think of it as the Guild of Alchemists, turning base metals into the gold that powers the modern age. They’ve landed significant contracts with Alphabet and Anthropic, and their revenue and income are rising at a rate that would make a dragon envious.

While others are busy building the carriages, Broadcom designs the engines. They specialize in Application-Specific Integrated Circuits, or ASICs, customized chips for specific tasks. Efficient, attractive, and, crucially, a viable alternative to the increasingly expensive and power-hungry Graphics Processing Units. It’s a bit like choosing a sturdy, reliable donkey over a flamboyant, but ultimately impractical, unicorn.2

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And then there’s Alphabet’s spending plans – a staggering $185 billion in capital expenses related to Artificial Intelligence. Broadcom is deeply involved in creating Alphabet’s Tensor Processing Units (TPUs), the company’s in-house solution to the GPU problem. Essentially, they’re providing the gears and levers that keep the AI engine running. Fourth-quarter revenue, for the period ending November 2nd, 2025, reached $18.01 billion, a 28% increase year-over-year. Net income soared to $8.51 billion, a 97% jump. Much of this growth is attributable to the insatiable appetite of Artificial Intelligence. A truly remarkable performance, even for a company that operates largely out of sight.

2. Sandisk: From Ashes to Data

Sandisk, a name that may not immediately conjure images of wealth and prosperity. It’s been somewhat overshadowed, partly because it recently re-emerged as a separate entity after being absorbed (and then spat out) by Western Digital. A bit like a phoenix, only instead of rising from flames, it rises from flash memory. Western Digital, in a fit of corporate enthusiasm, acquired Sandisk in 2016, hoping to combine hard drive expertise with flash memory technology. The experiment, shall we say, didn’t entirely succeed. But Sandisk, released back into the wild in February 2025, is thriving. It now encompasses Western Digital and Sandisk’s flash products, USB drives, memory cards, and solid-state drives (SSDs). Western Digital, meanwhile, continues to focus on the slightly antiquated technology of hard disk drives.

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Today, Sandisk operates in three key segments: data centers, edge computing, and consumer products. While the edge segment still generates the lion’s share of revenue, the data center segment is growing at an astonishing rate – a 64% increase in the second quarter of fiscal 2026. Overall revenue for the quarter reached $3.02 billion, a 61% increase. Net income soared to $803 million, a frankly ludicrous 672% jump. Sandisk’s potential is, quite simply, impossible to ignore. It’s a company that understands the fundamental truth of the digital age: data is the new gold, and Sandisk is one of the most efficient miners.

3. Nebius Group: The Dutch Surprise

My personal favorite, however, is Nebius Group, the Dutch data center company. A name that may not immediately ring bells, unless you happen to be fluent in obscure corporate histories. Nebius has a fascinating backstory. It was formerly known as Yandex, the dominant Russian search engine. But after the unfortunate events in Ukraine and the subsequent sanctions, Yandex found itself in a rather precarious position. Nasdaq suspended trading of its stock, and the company was forced to shed its Russian assets and rebrand itself as Nebius. It emerged as a tech company focused on full-stack AI infrastructure. A rather dramatic transformation, wouldn’t you agree?3

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Now, Nebius is experiencing massive gains as hyperscalers and developers clamor for computing capacity to train and run AI platforms. Fourth-quarter revenue reached $227.7 million, a staggering 547% increase year-over-year. The company is currently recording steep losses, $173 million in adjusted net loss for the quarter, as it invests heavily in AI infrastructure. But it’s betting that those investments will pay off handsomely down the road. And the early signs are encouraging. Nebius reported $1.25 billion in annual run rate (ARR) in 2025, exceeding its own guidance. It’s projecting ARR of between $7 billion and $9 billion for 2026, a gain of more than seven times. Nebius may not be for every investor, but I believe it has the potential to become a truly exceptional company. A company that could, quite possibly, make millionaires.

1 Of course, one could argue that biscuits are a perfectly reasonable investment, particularly if one has a fondness for tea. But that is a discussion for another time.

2 Donkeys, it should be noted, are remarkably resilient creatures. And surprisingly good at navigating difficult terrain.

3 The art of rebranding, it must be said, is a delicate one. It requires a certain amount of finesse, and a willingness to pretend that the past never happened.

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2026-02-24 13:22