Editor's note: The "AI revolution" is just getting started... With artificial intelligence ("AI") rapidly gaining popularity today, investors are exploring the technology sector to explore how to take advantage of the AI boom while it's still in its early stages. According to True Wealth Systems analyst Chris Igou, this trend will spark a tidal wave of corporate spending as companies aim to capitalize on this massive technological shift – resulting in a stock market boom that will create myriad investment opportunities. In today's Masters Series, originally from the March 4 issue of the free DailyWealth e-letter, Chris details how ChatGPT altered the entire landscape... discusses how AI can improve moving forward... and explains why you should maintain a bullish outlook throughout this AI boom...
We're in the Early Innings of the AI Boom By Chris Igou, analyst, True Wealth Systems A college dropout changed the world 19 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 happens next has fueled the current stock market boom. And that's not about to change anytime soon... In 2015, Altman – alongside Elon Musk, Amazon Web Services, and other big names in tech – founded OpenAI. The artificial-intelligence ("AI") research company launched with $1 billion in funding. Seven years later, OpenAI changed the industry forever...
| Recommended Links: | |  LIVE NOW: Critical Market Update The Stansberry Research senior analyst who has racked up more than a dozen 1,000%-plus winning recommendations since 2020 just released an important update on what he says is the STRONGEST buy recommendation of his career. It's 100% free to access it. Click here to tune in now. | |
|
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 19 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: AI isn't the only massive disrupter we're paying close attention to right now. You see, Crypto Capital editor Eric Wade believes this AI boom combined with the uptrend we've seen in the crypto markets is setting the stage for a "super convergence" – one that could create multiple chances for 1,000%-plus gains. That's why he recently went on camera to reveal how you can prepare for this looming shift to secure triple- and even quadruple-digit winners. Learn more here... | 
No comments:
Post a Comment