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One of the most common questions I get from investors about Artificial Intelligence (AI) this year is… "If it's all just about ChatGPT, what stocks can I buy besides NVIDIA?" It's a valid concern. Just because we hear that a $20 trillion economic tsunami of exponential innovation is exploding over the next five years, doesn't mean that we can readily see how that huge blast filters out of the technology sector and into hundreds of other industries. Or that this might easily create wealth for savvy investors. ChatGPT… It's Just a Fun Toy, Right? ChatGPT may be the "chatterbot" that ate the internet, but most still underestimate the AI impact on nearly every industry. I was predicting in 2022 -- when I scooped NVDA shares under $125 -- that something would eventually come along to make people see how powerful the AI revolution was. And when it showed up, I wrote a special report about ChatGPT to explain why another "iPhone moment" was upon us. Since then, I think it's all unfolding right now in massive surprising demand for the tools of AI that are called "massively parallel architectures." And there's still time to get on that wave for a ride that will last several years. So it's a good idea to review the major forces driving the AI tsunami that allowed NVIDIA CEO Jensen Huang to predict a $250 billion per year transformation… as global enterprises shift to accelerated hyperscale computing that only comes from GPU (graphics processing unit) systems. The Data Deluge Has Grown Exponentially It has been estimated by data-focused companies like Splunk that over 50% of corporate data is "in the dark." It's not seen, used, or capitalized on. That's because every Global 2000 company is collecting terabytes of log files every day that most never knew how to use even a year ago. But what used to be a black hole of infinite gravity and compression has now become a gold mine of possibility. When NVIDIA announced in May that it would not only beat its prior Q2 revenue guidance by $4 billion but that it was launching its latest GPU system, the DGX GH200 -- that was 50% faster than the prior generation -- the stock launched above $350 and never looked down again. I told investors throughout June and July that NVIDIA would beat even their most optimistic forecasts for sales and easily top the $12 billion guidance for this current quarter that began in August. They guided to $16 billion. Why did this happen? I think the biggest preview of this catalyst was that the company was also able to share in May that its first three customers already in line were Alphabet, Microsoft, and Meta. This was the spark that made hundreds of other global enterprises realize they need to upgrade their datacenter infrastructure -- or else. 7 Secrets of the AI Revolution So what exactly is it that major enterprises across every sector, from manufacturing and energy to healthcare and retail, want to accomplish with all their data? Continued . . . | ||||||||||||||||
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| There are many areas where machine learning and deep learning, the two primary galaxies of AI, can be applied to the dark data deluge. But here are 7 major categories that I think capture the goals of the modern enterprise.
The Age of Exponential Innovation Moore's Law was a real force in computing for the past 5 decades, as semiconductor technology grew ever faster, better, cheaper -- and smaller. But the rate of progress started to slow in the 2010s. That's when Jensen Huang predicted over a decade ago that accelerated GPU computing -- driven by advanced software algorithms -- would change the world by reigniting Moore's Law into another exponential phase. We have just entered that arena. Path to World-Changing Profits Today I invite you to download my Special Report on an especially brilliant sector of Artificial Intelligence, ChatGPT: 5 Stocks for the Predicted $15.7T AI Boom. As one of our 5 selected companies puts it, AI-powered ChatGPT "frees people from the mundane so they can accomplish the miraculous." Since its launch in November 2022, it has been answering follow-up questions ... admitting mistakes ... challenging incorrect premises ... and even rejecting inappropriate requests. No wonder this phenomenon had 1 billion cumulative users within 3 months after launch, with an adoption rate 3X greater than TikTok and 10X greater than Instagram. Bank of America estimates that by 2030, AI's overall economic impact could skyrocket to well over $15 trillion dollars. That puts ChatGPT in the big leagues with major players like the internet and iPhone. Here's more good news. One of my Top 5 ChatGPT recommendations is a little-known "Sleeper Stock" that is still under Wall Street's radar. With ticker prices still at bargain levels and the overall economy holding strong, it's almost impossible to resist. So, I suggest you click now for my Special Report and see those 5 stocks. PLUS you'll be entitled to 30-day, real-time access to all of Zacks private buys and sells. Your cost? Only $1. So no reason to hesitate. And no obligation to spend a cent more. I should mention that we are limiting the number of investors who share our Top 5 ChatGPT stocks, so there will be no extensions to this opportunity. It ends September 10 - midnight Sunday. All the Best,
Kevin Cook, Senior Stock Strategist at Zacks, is a leading expert in technical analysis, emerging trends, and what makes markets move. He invites you to check the timely, high-potency stocks in his ChatGPT report. | ||||||||||||||||
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