Bloomberg Surveillance · Wednesday, July 1, 2026
Jay Pulowski likens the current technological revolution to a gold rush, emphasizing that the real opportunity lies not in mining the gold itself, but in selling the 'picks and shovels.' He identifies semiconductors as the modern-day equivalent, presenting them as a fundamental and essential component for wealth creation in the current tech landscape. Pulowski suggests that investing in semiconductors is a basic and strategic move for those looking to capitalize on the ongoing advancements.
“Yeah? That's I mean, it's such. I mean, you own semis, You own the picks and shovels. Tom, This is really basic stuff, right, You own the semis? Right, You want you get wealthy, not by being the gold miner. You get wealthy by being the guy selling the gold mine of the picks and shovels. Picts and shovels. Todakay is semiconductors.”