AI Stocks: Growing Wealth in the Dot-Com Boom 2.0
Editor’s note: “AI Stocks: Growing Wealth in the Dot-Com Boom 2.0″ was previously published in February 2024. It has since been updated to include the most relevant information available.
Believe it or not, you’re living through a modern version of the 1990s Dot-Com Boom. This time, it’s not the internet but AI technology that’s poised to have an even more significant economic impact on the world.
In the 1990s, the internet emerged as a groundbreaking technology, promising to make everything faster, more efficient, and more productive, while automating numerous tedious tasks. Now, in the early 2020s, AI technology is making similar promises, aiming to revolutionize how we shop, work, and travel.
In the 1990s, hundreds of internet startups emerged across America, attracting billions of dollars in investments. These startups vowed to leverage the internet to transform daily human activities. Similarly, in the early 2020s, a surge of AI startups has appeared, receiving substantial funding and promising to harness artificial intelligence to bring about significant changes in various sectors.
During the 1990s, many pundits and skeptics dismissed the internet as a fleeting trend. In contrast, some of the world’s most insightful futurists and investors predicted it would be the most significant innovation ever seen. Today, we see a similar pattern with AI: skepticism from some, yet predictions from experts that AI will be a groundbreaking innovation.
In the 1990s, internet stocks soared. Now, in the early 2020s, AI stocks are on a similar trajectory, mirroring the path internet stocks took three decades ago.
The Parallels Are Uncanny
The parallels between the AI Boom and the Dot-Com Boom are striking, extending even to boardroom dramas.
For instance, Steve Jobs was famously ousted from Apple (AAPL), the leading computer company of its time, only to return years later. Recently, Sam Altman faced a similar situation at OpenAI, the forefront AI company, but returned within days.
This difference in time reflects the primary distinction between the two booms: the AI Boom is unfolding much more rapidly.
The Dot-Com Boom was a once-in-a-lifetime opportunity, and now the AI Boom is unfolding even faster, presenting a chance you can’t afford to miss. For retail investors, this is your golden ticket to potentially life-changing wealth.
The Final Word on Investing in AI
Right now, AI stocks and related investments are not just options. They’re necessities for those who want to stay ahead in the game. The AI Revolution is charging forward, and the time to act is right now.
That’s why my team and I have compiled a portfolio filled with stocks that could produce the AI Boom’s biggest returns of all.
Since ChatGPT’s launch in late 2022, we’ve been following developments in the AI industry very closely. And we’re confident that we’ve identified which stocks should benefit most from the next wave of this boom.
In fact, we’re not the only ones taking notice. Some of the world’s most powerful people and companies are throwing millions toward AI’s next iteration. Think Elon Musk, Jeff Bezos, Amazon (AMZN), Microsoft (MSFT), and Nvidia (NVDA).
So, if you’re serious about making big money in the Age of AI, learn about which stocks stand to benefit most as this revolution progresses.
Find out about our favorite ways to play this boom.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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