Company Interview / Are tech & AI the new wealth-builders?

Key points:

Property-focused wealth model under pressure for younger Australians Offshore tech and AI exposure via ETFs like QQQ, TQQQ and MAXX preferred Pullbacks in Micron, Nvidia and broader tech seen as potential buying opportunities Use of offshore tech ETFs and select stocks such as Micron, Nvidia and Caterpillar

Andrew Baxter from Australian Investment Education argues traditional Australian wealth-building models, particularly property, are under pressure as higher interest rates, cost-of-living strains and policy shifts constrain younger investors. Baxter states that this environment is pushing a structural shift towards technology and AI as alternative pathways to build, invest and grow wealth.

He points to recent pullbacks in global tech as potential entry points, highlighting Micron (NASDAQ:MU) and Nvidia (NASDAQ:NVDA). In Baxter’s view, valuations that appear stretched on conventional metrics may be justified by AI’s structural growth, with current corrections presenting buying opportunities for long-term bulls. He prefers everyday investors gain exposure via offshore tech ETFs such as Nasdaq trackers like QQQ and leveraged products like TQQQ, and notes themed funds such as MAXX, which targets the “Magnificent Seven”, as another option.

Baxter also stresses opportunities beyond hyperscalers, citing data-centre beneficiaries such as Caterpillar (NYSE:CAT). He says AI-driven trading tools are still early-stage but already improving, pointing to his own fourth-generation trade forecasting system. For younger Australians locked out of property, Baxter advocates combining tech-enabled entrepreneurship – such as building problem-solving apps – with diversified tech and AI investment as a more realistic, future-facing wealth strategy.