Good morning,
History doesn't repeat itself, but it frequently rhymes. That's the situation investors find themselves in regarding artificial intelligence (AI).
Some investors aren't old enough to remember life without the internet. But if you do, then you can see a parallel from the dot-com bubble to what's happening with AI today.
In the late 1990s, the internet was still in its infancy. It was a novelty, but it lacked much utility. Nevertheless, some companies saw what was possible and leaped into the public markets with a business plan and not much else.
That didn't end well. Because the technology was too young. Investors could understand the idea, but it would be years before the iPhone and e-commerce changed the game forever.
That brings us to today and AI.
Yes, many companies are bending over backward to tout their AI capabilities. Goldman Sachs noted that mentions of AI in company earnings reports are back on the rise after a quarter of turning lower.
But unlike the dot-com era, AI is a technology available today. Companies just have to figure out how to incorporate it.
In fact, that's what investors are demanding. It's not good enough to tout your AI capabilities. Companies must show how AI improves efficiency and adds to their bottom line.
For many investors, that means looking at big tech names. And if you like Nvidia, we won't tell you that's a bad investment.
However, there are companies outside of the dedicated AI space that have been on the AI train for years. Those investments are paying off today and will in the future.
That's the focus of this special presentation. We're highlighting seven non-tech companies that are leading the way in AI. And while many of these are companies in the growth stage, there are at least two blue-chip companies that many investors would view as forever stocks.
View the 7 Stocks from Companies That Can't Stop Talking About AI
William Bushee
MarketBeat
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