Nuveen exec favors AI infrastructure over chips

Laura Parrott, head of private bonds at Nuveen, is focusing on the foundational infrastructure supporting artificial intelligence, rather than the more hyped areas like data centers and computing chips. She believes that the "boring, plain vanilla" infrastructure, such as fiber optic networks and power grids, will see sustained benefits regardless of AI's specific future applications. This strategic investment approach aims to capture value from the broad expansion of AI technology by backing essential, less volatile components of its ecosystem.