Don’t Buy the Railroads. Buy the Campbell’s.
This article argues that in technological booms, the "appliers" who utilize new infrastructure often outperform the "builders" who create it. Using historical examples like railroads and the internet, the author suggests that the same dynamic is playing out with artificial intelligence. Investors should focus on companies that apply AI to boost efficiency rather than those investing heavily in building AI infrastructure, with PayPal Holdings Inc. highlighted as a prime example of an "AI Applier."
https://investorplace.com/smartmoney/2026/04/dont-buy-railroads-buy-campbells/