The Economic Times

Christopher Wood swapped Nvidia for a Greek infrastructure stock. The bet is paying off

Jefferies Christopher Wood replaced Nvidia with Greek infrastructure company GEK TERNA in his global long-only equity portfolio in October 2025. Since then, GEK TERNA has gained 65% in US-dollar terms, compared with Nvidias 15%. The shift reflects Woods preference for infrastructure, fiscal reform and improving economic fundamentals over crowded AI trades.