AI Stock Update as Apple Takes Its Seat at the Table

The AI space is getting crowded… Published By Money & Markets, LLC. June 13, 2024 Published By Money & Markets, LLC. June 13, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( AI Stock Update as Apple Takes Its Seat at the Table Money & Markets Daily, As I sat watching Apple’s Worldwide Developers Conference (WWDC) on Monday, I had to stop and think. Not because I’ll finally be able to use Siri for more than just setting alarms on my phone. Or that soon I'll be able to create an emoji to look like my wife (although that will be the first thing I do when I get the capability). My pause was because I thought of just how far and how fast we’ve come with artificial intelligence (AI) in less than two years. Since November 2022, when ChatGPT started writing college term papers, the AI revolution has been in high gear. I’ll tell you this … we haven’t even scratched the surface of AI and its potential. We’re amazed that we can use AI to write emails or term papers and create videos and images. I would project that’s just 1% of AI's real capabilities. As an investor, that's an exciting prospect. Looking at the broader AI market, there may only be five big players in AI (six after Apple’s big announcements this week) right now. But smaller companies with the potential to earn massive gains are coming out of the woodwork. And the investors that find these stocks and buy early are set to reap massive rewards. On top of that, one of Big Tech's market leaders has finally revealed its AI plans… Still Open Seats at AI's Table The five biggest names in the AI game now are Amazon.com Inc. (Nasdaq: AMZN), Alphabet Inc. (Nasdaq: GOOGL), Meta Platforms Inc. (Nasdaq: META), Microsoft Corp. (Nasdaq: MSFT) and Nvidia Corp. (Nasdaq: NVDA). These are the public companies making headlines for their development of AI microchips or huge investments in AI. Apple looks set to join this list after unveiling its Apple Intelligence (a cute play on AI) at WWDC. But to think these will be the only companies playing in the AI sandbox is foolish. Here’s why: [Turn Your Images On] [(Click here to view larger image.)]( The entire AI market was valued at $136 billion at the end of 2023. Projections suggest it will grow 35% in 2024 and another 32% in 2025 … eventually reaching $827 billion by 2030. It’s a good-sized pie today, but it will be more than 508% larger in just six years … and these are conservative estimates. More than just six companies will drive that market growth. Outside of Nvidia, the other five companies provide services related to AI. We haven’t even tapped into companies (like Nvidia) that provide hardware, software and other elements that make AI actually work. I'm talking about those “behind-the-scenes” companies building out components AI needs to continue this impressive growth streak. Need more evidence of why more and more companies will start diving into the AI market? [Turn Your Images On] [(Click here to view larger image.)]( Since the start of the year, those five big AI-related stocks have jumped at least 14% ... and, in NVDA’s case, as much as 143%. And it looks like Apple is ready to take its seat at the AI table. On Tuesday, the day after AAPL’s big WWDC announcement, its shares popped more than 6%. Bullish trading continued on Wednesday, as investors pushed the stock more than 5% higher again. Don’t think other companies aren’t taking note of what happens to stocks when they make an AI-related development. --------------------------------------------------------------- [Turn Your Images On]( [The Billionaire Pictured Next to Trump Goes “All In” on AI]( The world’s most successful tech investor has made gains of as much as 3,250,000% in just 3 years. His clout in Silicon Valley is unmatched … and his influence on the Whitehouse goes right to the very top. In fact, his AI company’s earliest investor was the CIA. Today, an alphabet soup of 30 government agencies entrust the company with their most sensitive information. [Its AI technology is even used to safeguard the U.S. nuclear stockpile.]( When the U.S. government is pouring billions of dollars into a tiny company like this one, the opportunity to make money is off the charts. [Get the full story here.]( --------------------------------------------------------------- Adam’s Way to Play The AI Boom This trend hasn’t gone unnoticed, least of all by our chief investment strategist, Adam O’Dell. Last month, he recommended [a little-known company]( that is already making strides to power AI’s growth engine. This company provides a critical part of what the AI revolution needs to grow 508% in just six years. That recommendation has already paid off … gaining nearly 56% in a little more than a month. It’s one of those “behind-the-scenes” companies I was talking about before. And it’s not too late to [grab this AI bull by the horns]( and ride it to even greater portfolio gains. If you haven’t already, [click here to see]( why Adam expects it to continue growing — and how you can gain access to the recommendation. Until next time… Safe trading, [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [THE HITS KEEP COMING FOR "BEARISH" TSLA STOCK]( - [HOW SMART INVESTORS WILL PROFIT FROM HERE]( - [5 THINGS YOU NEED TO KNOW THIS WEEK]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. 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