A college dropout changed the world 16 months ago... He didn't come from a major tech company like Google or Microsoft. Nor did he take a linear path to the history books...

Editor's note: Here at Chaikin PowerFeed, we've talked about artificial intelligence ("AI") a lot... As regular readers know, we're still in the early stages of this long-term megatrend. And we're not the only ones who think so... Today, we're sharing an essay on the subject from Chris Igou. He's an editor over at our corporate affiliate Stansberry Research. Chris shared this essay with readers of Stansberry's free DailyWealth e-letter on March 4. As you'll see, he also believes that the AI boom is just getting started. Even better, he says the investment opportunities will continue to grow... We're in the Early Innings of the AI Boom By Chris Igou, editor, Stansberry Research A college dropout changed the world 16 months ago... He didn't come from a major tech company like Google or Microsoft. Nor did he take a linear path to the history books... In 2005, Sam Altman left Stanford University at the age of 19 to co-found a social-networking app called Loopt. The app connected users with other people based on their location. Altman was able to raise $30 million in venture-capital financing. But seven years in, the app wasn't taking off. So he sold it for $43 million to fintech firm Green Dot. The very next month, Altman and his brother started their own venture-capital firm, calling it Hydrazine Capital. The duo invested in companies like Patreon (a crowdfunding platform for artists and content creators) and Flexport (a licensed freight forwarder and shipping company in California). This is where the story takes a turn. As I'll explain today, what happened next has fueled the current stock market boom. And that's not about to change anytime soon... Recommended Links: Make This Election Money Move NOW This could be the SINGLE most important month of the presidential election year, but NOT for the reasons you might think. Because while most Americans will be focused on the elections and polling data... they'll be completely blindsided by a massive election surprise headed straight for U.S. stocks, according to Marc Chaikin. Which is why he's urging you to make ONE critical move with your money. Full details here. Beware Executive Order 14067 Last year, the Fed quietly rolled out the first phase of currency changes that could make President Biden's Executive Order 14067 a reality. One 24-year market veteran reveals a hidden clause in Section 4 that could transform the U.S. dollar forever as soon as today, March 11. Don't buy another stock until you see the proof, right here. In 2015, Altman – alongside Elon Musk, Amazon Web Services, and other big names in tech – founded OpenAI. The AI research company launched with $1 billion in funding. Seven years later, OpenAI changed the industry forever... On November 30, 2022, with Altman at the helm, it debuted ChatGPT. The AI chatbot blew AI's potential wide open. Its AI language model could assist users in ways no other computer model had before... The chatbot was able to "learn" from data to create entirely new content. Importantly, though, the software didn't just perform all kinds of duties – it also put AI in the hands of a broad audience. From high schoolers to CEOs, just about anyone could use ChatGPT. It could write essays and press releases in seconds... answer math problems... write and fix advanced code... manage busy schedules... churn through large data sets... and more. The chatbot was an overnight sensation. Everyone wanted to test it out. It was so popular that its servers often became overwhelmed with requests, freezing the program. The big names have gone "all in" on the next steps for this new technology... In January, Meta Platforms (META) CEO Mark Zuckerberg said he plans to build out a huge AI infrastructure by the end of 2024, running on a massive supply of AI chips. Zuckerberg expects the project to include the equivalent of 600,000 Nvidia (NVDA) AI graphics processing units ("GPUs"). At roughly $25,000 to $30,000 per GPU, that's somewhere between a $15 billion and $18 billion investment. Microsoft (MSFT) is going after the AI chip market as well... And the same is true of Amazon (AMZN) and Google's parent company Alphabet (GOOGL). The new goal is to create AI models that can handle all kinds of generative tasks. And ChatGPT helped accelerate this shift in AI. The generative-AI industry was worth $6 billion in 2023. According to market research company Omdia, it could hit $59 billion by 2028. This new era of AI fueled the stock market boom we saw last year. But it's far from over... Much of this AI spending is going toward building new data centers housing GPUs. That kind of AI-specific spending was around $90 billion last year. It's estimated that could grow to $800 billion by 2027. That will lead to some incredible winners in the stock market. Companies that supply chips, build the data centers, or just generally use the new infrastructure to create new businesses all stand to benefit. The AI revolution will lead to hundreds of billions of dollars in corporate spending, too... the kind of spending wave that no one saw coming just 15 months ago. And that's a surefire way to fuel a stock market boom. The world has changed. And a college dropout helped make that change possible. For investors, the shift to AI is creating all kinds of opportunities in many parts of the market. And that's a powerful reason to be bullish over the next few years. Good investing, Chris Igou   Editor's note: In the DailyWealth e-letter, the team shares insights like these from across the Stansberry universe of editors and analysts. And just like the Chaikin PowerFeed, it publishes every weekday the markets are open – for free. To learn more and sign up for DailyWealth, click here. Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.12% 17 12 1 S&P 500 -0.59% 204 243 50 Nasdaq -1.44% 42 46 12 Small Caps -0.08% 537 1007 366 Bonds -0.17% Real Estate +1.18% 6 21 3 — According to the Chaikin Power Bar, Large Cap stocks remain somewhat more Bullish than Small Cap stocks. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Utilities +3.29% Real Estate +1.59% Materials +1.58% Energy +1.17% Staples +0.94% Financial +0.82% Industrials +0.64% Health Care +0.06% Communication -0.54% Information Technology -1.62% Discretionary -2.55% *  *  *  * Industry Focus Mining Services 6 18 8 Over the past 6 months, the Mining subsector (XME) has underperformed the S&P 500 by -0.95%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #16 of 21 subsectors. Indicative Stocks CRS Carpenter Technology CMP Compass Minerals Int NEM Newmont Corporation *  *  *  * Top Movers Gainers ETSY +5.72% CCL +4.53% MRNA +3.57% GNRC +2.98% MKTX +2.89% Losers COST -7.64% AVGO -6.99% NVDA -5.55% CEG -5.02% ON -4.83% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close CASY ORCL, MTN No earnings reporting today. Earnings Surprises No significant Earnings Surprises in the Russell 3000. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at edwardlorilla1986.paxforex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2024 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Chaikin Analytics, LLC, does not recommend or endorse any brokers, dealers, or investment advisors. Chaikin Analytics forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.