Chaka’s Note: In today’s essay, PBRG friend and former hedge fund manager Larry Benedict writes about an alternative way to benefit from the AI megatrend.
According to Larry, we’re about to see huge money flows in the market. That’s why he’s hosting his 7-Day AI Blitz event today to help you get ready.
During the event, he’ll show you why his “blitz” strategy is one of the most reliable money-making methods of his career.
You can instantly sign up to attend the event for free by going right here.
After reserving your spot, read on for Larry’s latest insights on the AI boom.
Back in 2017, a survey asked 1,500 business leaders how familiar they were with AI.
Only 17% said it was familiar. But most weren’t aware of what it was or its potential impact on their company.
How the times have changed.
A new survey in June this year found that nearly three-quarters of business leaders feel pressure to integrate AI into their companies.
As one chief technology officer put it, “Business leaders understand that AI and ML [machine learning] are critical to success in the future of work.”
That’s a profound shift in just six years.
And interest in AI has grown sharply this year with the development of chatbots like ChatGPT.
Businesses are already implementing ChatGPT to help with customer support, social media engagement, email management, content creation, idea generation, competitor analysis, data management, and more.
And while many of these new technologies need time to be fine-tuned for even better efficiency and accuracy, it’s clear that AI isn’t going away anytime soon.
In fact, many believe AI will lead to as big a change in our daily lives as the internet.
And major money is flowing into this space as a result. Goldman Sachs estimates businesses around the world will spend $200 billion on AI by 2025. PricewaterhouseCoopers estimates AI will add $15.7 trillion to the global economy by 2030.
And that means we need to pay attention to this trend as traders…
How to Play AI
This year, we’ve seen how big trends like AI have the power to dramatically impact the market.
The tech-heavy Nasdaq rose as much as 45% off the back of excitement around AI.
And AI-related stocks have zoomed to double- and triple-digit gains.
From the beginning of the year to its July peak, Nvidia soared as much as 225%. C3.ai rose over 325% at its June peak. Symbiotic (SYM) surged over 427% during the first half of the year.
Even well-established companies like Google, Apple, and Amazon have benefited from the hype, rising as much as 50%, 55%, and 70%, respectively.
As a result, many people can be tempted to simply look for any promising AI company and buy as much as they can.
Yet more recently, many of these high-flying stocks have pulled back along with the overall market. Some have slid 30% or more from their peaks.
That can make it tricky to figure out how to play the “AI boom.”
After their steep runups, we could be nearing a “mini” bubble, where these stocks need to take a breather before their next upturn. And the last thing you want is to buy at a peak.
That’s why I’ve come up with an alternative way to play the AI trend.
An Alternative Play
A market event is just around the corner… and it’s going to hand us an opportunity to profit from AI without buying NVDA or any of the other hot names.
I call it the 7-Day AI Blitz. In the past, similar blitzes have granted traders the chance to double their money… or much more.
One reader shared, “This week YOU made a major believer out of me. I netted [a] 180% return… THAT is THE BEST gain over two hours I have EVER obtained.”
Another said, “My little $6,706.80 turned into $23,393.20! (up $16,686.40) 248.79% gain! Best trade of my life!”
And even beginning traders can effectively use this strategy: “This was my very first trade… and I’m happy to report that I made over $1,500 on it on only one option. Would love to see more of these as it’s my first time trading options this way. Thank you so much!”
I’ll also reveal my alternative way to profit from this AI boom. So please RSVP by going right here.
This is a trading event you won’t want to miss. I look forward to seeing you there.
Editor, Trading With Larry Benedict