Stocks
Top 3 AI Stocks to Buy in 2025 (Nvidia Excluded)
2024-12-15
Artificial intelligence (AI) continues to hold significant allure for investors in 2025. While Nvidia is often seen as the benchmark, there are several other contenders vying for attention. In this article, we'll explore the opportunities presented by Advanced Micro Devices (AMD), Amazon, and Tesla.

Unlock the Potential Beyond Nvidia in 2025

Advanced Micro Devices

The GPU market landscape shows Nvidia commanding an astonishing 88% share. At first glance, this dominance might suggest superior products. But there's more to it. A lack of competition over the past two years gave Nvidia a first-mover advantage.However, AMD has quietly emerged as a formidable competitor. Its MI300 accelerators have made a significant impact. Next year, AMD is set to release the MI325X, aiming to take on Nvidia's new Blackwell GPUs. Additionally, the MI400 chipset planned for 2026 is likely to counter Nvidia's Rubin architecture.AMD's pace of innovation is undeniable. As investment in AI infrastructure surges, AMD is well-positioned to gain incremental market share. It's a screaming buy right now as investors often overlook its progress overshadowed by Nvidia.

Amazon

Amazon operates in multiple domains such as e-commerce, cloud computing, subscription services (Prime), streaming, and advertising. Its diverse model allows for seamless integration of AI-powered features.During the holiday season and with corporate budgets focusing on AI, Amazon is poised for a remarkable fourth-quarter performance. The company is also making significant investments in AI infrastructure, including homegrown chips (Trainium and Inferentia) and a partnership with Anthropic.Despite a relatively modest 11% annual revenue growth, Amazon's free cash flow is soaring at over 120% year over year. This financial flexibility gives it the ability to reinvest and drive future growth. It's a no-brainer opportunity for long-term investors.

Tesla

In the past couple of years, Tesla faced challenges in maintaining historical growth due to a tough macroeconomic environment. But the tide may be turning.The biggest near-term boost for Tesla is its foray into autonomous driving with Full Self-Driving (FSD) technology. Over the years, FSD has made significant progress, and there's reason to believe 2025 could mark the beginning of a new growth chapter.Wedbush Securities analyst Dan Ives believes Elon Musk's relationship with President-elect Donald Trump could accelerate the commercialization of FSD. Moreover, changes in EV tax credits could benefit Tesla in the long run.Although Tesla stock is at all-time highs, it remains an attractive opportunity for long-term investors. It's crucial to avoid buying into the momentum and wait for a more reasonable entry point in case of a sell-off. 2025 will be a milestone year for Tesla, thanks to the FSD narrative.
Kamala Harris Weighs 2026 California Gov Run vs 2028 Pres Bid
2024-12-15
Top aides and those close to Kamala Harris are divided on whether she should run for California governor in 2026 or aim for the Democratic nomination for president in 2028. The governor's race seems like a sure bet with her past electoral success, but a presidential run comes with its own set of challenges and risks. Harris is currently undecided and keeping a low profile while dealing with various considerations.

Kamala Harris' Career Crossroads - Governor vs. President

Should Harris Run for Governor?

Top aides believe getting into the governor's race requires making intentions clear by summer 2025. Running for governor would be seen as a "capstone" rather than a "stepping stone" if she still dreams of the presidency in 2028. One person who advised her in the past emphasized this, stating that a governor's run could interfere with her presidential aspirations. Another close to her argued that the gamble of skipping the governor's race is worth the potential payoff of another presidential shot.

Historical Parallels and the Future

Richard Nixon is the only one to win the White House on a second try as the party nominee after a gubernatorial run. Trump is the only other president to return to office after a loss. For Harris to run again, she would need to hope for Trump buyer's remorse and convince party leaders who were skeptical after Biden dropped out. Being governor has its own power, but it's a decadelong step back. The Gavin Newsom factor also plays a role, as they have long competed in California politics.

No Expected Deference in 2028

After Biden dropped out, other potential candidates hesitated to challenge Harris. But if she runs again in 2028, they won't have the same deference. Harris' advisers worry about eager competition and her performance among younger and Black voters. However, they also note her strong support and connections built around the country.

A Possible 'Field Clearing Effect' in California

In a gubernatorial campaign, Harris would get more deference, but some see signs of weakness. Those close to her say she needs to articulate a clear rationale. Outgoing Rep. Katie Porter predicts a "near field-clearing effect" if Harris enters. California political insiders are speculating about ripple effects, and various candidates are considering their moves. Rick Caruso could also enter the race. But some California Democrats are ready for a homecoming with Harris.
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Dennis Minott: Small Axes for a Greener Jamaica's Energy Future
2024-12-15
As Jamaica stands at a crucial juncture in its energy future, the call for these essential elements has never been more pronounced. The impending expiration of the Jamaica Public Service Company (JPS) monopoly presents a unique opportunity to reshape the island's energy landscape, but it demands a delicate balance of fairness, resilience, and sustainability.

Reshaping Jamaica's Energy Future with Fairness and Sustainability

Fairness and Adequate Notice to JPS

The JPS, with its long history and established presence, must be treated with the utmost respect and fairness during the transition away from the monopoly. Clear communication, appropriate compensation, and sufficient time for adjustment are crucial. Abrupt actions could lead to costly legal battles, erode investor trust, and cause disruptions. It is essential to ensure a smooth transition that considers the interests of all stakeholders.For example, in the past, similar transitions in other regions have shown that a lack of fairness can lead to prolonged disputes and setbacks. By providing adequate notice and fair compensation, Jamaica can avoid such pitfalls and move forward with confidence.

Protecting Jamaicans from Energy Shocks

During the energy transition, disruptions in electricity supply could have a severe impact on industries and households. A well-planned and seamless transition plan is essential to ensure continuity and reliability while introducing competition. This means investing in infrastructure and technologies that can withstand challenges and provide a stable power supply.Take, for instance, the recent energy crisis in a neighboring country. The lack of proper planning led to widespread blackouts and economic losses. By learning from such examples, Jamaica can take proactive measures to protect its people from energy shocks.

Transitioning to Renewables

Jamaica's future lies in renewable energy sources. Solar, wind, hydro, and farmed biomass offer not only environmental benefits but also energy security. Decentralised grids powered by these sources can reduce reliance on a single provider and enhance disaster resilience.The JPS, with its expertise and resources, can play a crucial role in this transition. Instead of resisting, the company should embrace renewable initiatives and become a leader in the green energy movement. This is not only a business opportunity but also a moral obligation in the face of the climate crisis.For example, many countries have successfully transitioned to renewable energy, reducing their carbon emissions and becoming more self-sufficient in energy. Jamaica can follow in their footsteps and build a sustainable energy future.

Introducing Competition

Breaking the JPS monopoly does not mean chaos. A regulated framework, similar to the Philippines' Retail Competition and Open Access (RCOA), can ensure that new entrants operate under fair conditions. Smart metering, grid neutrality, and transparent pricing are essential elements of this framework.By introducing competition, Jamaica can drive innovation, improve service quality, and lower energy costs. Consumers will have more choices and be able to benefit from a more efficient energy market.For instance, in the telecommunications industry, competition has led to significant improvements in services and prices. The same can be achieved in the energy sector through a well-designed regulatory framework.

Community and International Partnerships

Decentralised energy systems thrive on local participation. Community-based microgrids and cooperatives can empower Jamaicans to generate their own power, reducing dependence on large providers. International partnerships can provide technical expertise and funding for this transformation.In some communities around the world, community-based energy initiatives have been highly successful, providing clean and affordable energy to local residents. Jamaica can learn from these experiences and build partnerships with international organisations to accelerate its energy transition.For example, a small community in Africa successfully implemented a community-based microgrid system, reducing their energy costs and improving their quality of life. Jamaica can replicate such success stories and create a more sustainable energy future.The road ahead is challenging, but it is necessary. Jamaica must review existing agreements, develop robust regulatory frameworks, educate and engage the public, modernise the grid, and monitor and adapt to emerging challenges. By doing so, Jamaica can build a brighter, greener, and more inclusive energy future.As Marley sang, "No weak heart shall prosper." This transformation requires courage, wisdom, and collective action. Let us wield our "small axe" wisely and cut down inefficiencies while planting the seeds of a renewable energy future.In this endeavour, may our island not only thrive but also inspire others to rise to the challenge of building a sustainable world.Dennis Minott, PhD, is the CEO of A-QuEST-FAIR. He is a multilingual green resources specialist, a research physicist, and a modest mathematician who worked in the oil and energy sector. Send feedback to a_quest57@yahoo.com or columns@gleanerjm.com.
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