MAKING A FORTUNE IN ARTIFICIAL INTELLIGENCE
18 STOCKS TO WATCHA Fortune To Be Made
Over the next seven years, artificial intelligence may offer investors an opportunity to generate a fortune. Opportunities will be on both the long side and the short side. The key to extracting the most from opportunities in artificial intelligence is to bring sophistication to trading and investing strategies.
Golden Age Of Artificial Intelligence
We are now in the golden age of artificial intelligence, where the possibilities for growth and innovation are endless. The power of artificial intelligence is already transforming the world through the development of self-driving cars, revolutionizing healthcare, improving productivity in businesses, and changing the way we interact with technology.
New Advances
Artificial intelligence will bring new advances to every industry, creating opportunities for investors on the long side.
Disruption Of Existing Business Models
The business models of several existing companies will be disrupted. Stocks of these companies will fall. The best way to take advantage of the fall in the stock prices of such companies is to short sell.
Four Stocks In The Model Portfolio
There are four stocks in the Model Portfolio that will benefit from the popularity of ChatGPT.
Microsoft
Microsoft (MSFT) owns a part of OpenAI. OpenAI is using Azure, Microsoft’s cloud offering. Microsoft plans to incorporate ChatGPT in Bing, LinkedIn, and Office applications.
Nvidia
Nvidia (NVDA) makes chips that carry much of the computing workload for AI.
Applied Materials
Applied Materials (AMAT) makes semiconductor manufacturing equipment that will be in increasing demand to produce AI chips.
Google (GOOG) has a deep bench in AI. In 2014, Google bought the British AI company DeepMind. Google must also confront the full frontal assault from Microsoft and the $160B search business that is at risk. In spite of Google’s massive expertise in AI, its business model may be challenged by AI. For those interested in more next-level information, please listen to the podcast “Full Frontal Assault: ChatGPT vs. Bard.”
Fourteen More Stocks
Here are 14 more stocks that are not in the Model Portfolio. These stocks will provide opportunities from both the long and short side.
Marvell Technology Inc
Marvell Technology Inc (MRVL) produces high bandwidth networking interconnect chips needed for generative AI applications.
Advanced Micro Devices
Advanced Micro Devices (AMD) is projected to gain a significant share of the AI computing workload.
Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor Manufacturing Company (TSM) manufactures chips for NVDA.
Broadcom Inc
Broadcom Inc (AVGO) is producing custom AI chips for hyperscalers such as Google.
ASML Holding
ASML Holding (ASML) is a Dutch company that makes advanced photolithography machines used in the production of AI chips.
Intel
Intel (INTC) has lagged in its product development, but over the next two years it is likely to catch up. Its chips are projected to carry a significant computing workload for AI.
C3.ai
C3.ai (AI) is a software provider for building enterprise-scale AI applications. It will likely incorporate ChatGPT technology in its offerings.
Baidu Inc
Baidu, Inc. (BIDU) is the Google of China. It has its own AI bot.
Cadence Design Systems Inc
Cadence Design Systems Inc (CDNS) provides integrated circuit design software. Providing computing power to AI is going to become significantly more complicated. CDNS will benefit.
Palantir Technologies Inc
Palantir Technologies Inc (PLTR) provides sophisticated large-scale data analytics to the Department of Defense. PLTR is also gaining large commercial customers. It will be a beneficiary of the golden age of AI.
Stem Inc
Stem, Inc. (STEM) is using AI to manage renewable energy assets.
BigBear.ai Holdings Inc
BigBear.ai Holdings Inc (BBAI) develops AI-based tools for the Department of Defense and intelligence services.
SoundHound AI Inc
SoundHound AI Inc (SOUN) is developing a voice-activated AI tool for automotive and other applications.
Tripadvisor
Tripadvisor (TRIP) is an online travel agency with comparison shopping. Current users may soon be able to find all of the information they need and book travel through AI-assisted searches being built by tech giants. TRIP presents an opportunity to profit on the short side from disruption.
Maximizing The Wealth You Generate
Most investors want to take advantage of only rising stock prices, but smart money takes advantage of both the rise and fall in prices. To take advantage of both rising and falling stock prices, consider taking advantage of a 30 day free trial to both ZYX Buy Change Alert and ZYX Short Change Alert.
Smart money also uses techniques popular with billionaires and hedge funds. Some of these techniques are beyond the reach of most investors. Fortunately, many techniques are simple enough that any serious investor can use them and reap the benefits. Learn billionaire and hedge fund techniques during the 30 day free trial.