Phase 2 of the AI Boom Will Revolutionize a $13.1 Trillion Industry

This company could become the next trillion-dollar AI stock in the process [TradeSmith Daily logo] [TradeSmith Daily logo] May 19, 2024 Note from Michael Salvatore, Editor, TradeSmith Daily: It’s a rare thing for a company to reach a $1 trillion valuation. There are only seven such companies in the world today. But my colleague Eric Fry – global macro specialist at our corporate partner InvestorPlace – believes he’s found the next one. It’s a company that’s using AI in a way he thinks will revolutionize a $13.1 trillion industry. If he’s right, it’ll become a new leader in the field like Nvidia did for AI hardware. He’s sharing his findings during a special strategy session scheduled for Tuesday, May 21, at 7 p.m. Eastern. [You can reserve your spot for that strategy session by going here](. I also invited Eric to show you why what he calls Phase 2 of AI will be what enables this new shift. Read on... Phase 2 of the AI Boom Will Revolutionize a $13 Trillion Industry By Eric Fry, Senior Investment Analyst, InvestorPlace Most investors missed out on the first phase of the artificial intelligence boom. You know... that era of advancements marked by ChatGPT, AI chips, rapidly evolving robots – and substantial gains. That’s too bad. However, another wave of AI innovation is coming... This time, though, it has nothing to do with any of the previous AI advancements that the mainstream media talks so much about. In fact, the opportunity here is significantly larger than any of those AI applications. So, let’s dive into what to expect from this next phase of the AI boom. And where to find some of that opportunity. But first, let’s chat some about how we got to this spot in the AI Revolution... SPONSORED AD [Why America Is So Divided]( Most people don’t realize it, but the divide between the rich and the poor isn’t really fueled by things like race or politics... Instead, it’s because of one simple thing: the ability to adapt to new technologies. History has proven time and time again that those who embrace innovation become wealthy, while those who don’t are left behind. And, there's a groundbreaking project set to define the next wave of wealth in America - one that has been secretly worked on by Elon Musk, Peter Thiel, and six other Silicon Valley insiders over the past seven years. [Click here]( to uncover how to adapt to the change this tech is set to bring about it. The First Phase of the AI Boom Although artificial intelligence has been around since the 1950s, it wasn’t until OpenAI released ChatGPT to the public in November 2022 that interest in AI really caught fire. For perspective... following ChatGPT’s launch, more than 1 million people downloaded it in five days. And over 100 million people signed up for it in two months. In comparison, it took Facebook more than 4.5 years to reach 100 million users. In the early phase of the AI boom in 2023, seven clear winners emerged. You know their names. CNBC’s Jim Cramer dubbed them the “Magnificent Seven.” And their performances certainly were magnificent. They gained an average 111% in 2023. Of course, the biggest winner of 2023’s boom was Nvidia Corp. (NVDA), the AI chip king, which surged 239% in 2023. Since the unveiling of ChatGPT, shares of the company have skyrocketed nearly 450%. In different ways, each of these companies has been providing the hardware, software, and processing power that enable enterprises to create and operate AI platforms. They enabled the AI Revolution. For example... - Microsoft Corp. (MSFT) is developing its own in-house semiconductor chip, code name Athena. - Alphabet Inc. (GOOGL) also has created its own new Arm-based CPU processor, called Axion. - Amazon.com Inc. (AMZN) has Amazon Q. - Tesla Inc. (TSLA) has Dojo. - And Meta Platforms Inc. (META) has Llama 3. Their efforts are why large language models (LLMs), like ChatGPT and Anthropic’s Claude 3, can be developed so quickly. Cramer may call these companies the Magnificent Seven, but I think of them more as the “AI Seven.” However, the sudden dawn of the entire AI boom caught most people – and many investors – by surprise. Therefore, a lot of folks missed out on those big gains from the AI Seven. The good news is the AI Revolution is about to enter a new phase, and a different set of companies will lead the way. The AI Seven is about to become the AI Eight... Nine... and beyond... during the next phase of the AI boom. SPONSORED AD [Millions of Investors WON’T Make This Move]( Right now, you now have the chance to earn a series of retirement-boosting payouts from the success of 10,000+ companies. But millions of people WON’T take advantage. Don’t be one of them. [Click here to find out how to kickstart your new income stream today](. We’ve Had the AI Enablers. Now Enter the “AI Appliers.” Unlike the AI enablers, the next key players in AI are not at the forefront of producing the material needed to create AI. Instead, they are employing AI technology within their own products and services. AI appliers are everywhere... and growing by the day. That universe includes companies as diverse as beauty-products purveyor Coty Inc. (COTY), gold and copper explorer Ivanhoe Electric Inc. (IE), industrial-solutions provider Rockwell Automation Inc. (ROK), and sports-technology company Genius Sports Ltd (GENI). Clearly, many of these companies operate in niches that are normally not associated with technology. So, they are still lying low... under the radar... but they and many others are ready to explode with the next phase of the AI boom. Not all of them, however, will deliver gains like we saw from Nvidia and the rest of the AI Seven. That’s why I’ve spent the past few months deep in research... and I’ve identified a company that I believe will become the next $1 trillion AI stock. That’s the main topic of our [strategy session next Tuesday](. And we’re also going to talk about a strategy we can use to get 40 years of Nvidia gains out of this stock in a matter of months. This company is about to revolutionize a $13.1 trillion industry... with a potential to serve over 3.8 billion people. Plus, I’m going to have a free pick for you during the event. It’s an AI stock that operates in this promising niche. I believe it could double your money in the coming months. I’ll give you all the details during our strategy session, [The Next $1 Trillion AI Stock](. That’s next Tuesday, May 21, at 7 p.m. Eastern. In addition to talking about the next phase of the AI Revolution, I’ll share... - My strategy to profit from this boom... - How billionaires like Elon Musk, Bill Gates, and Jeff Bezos are all investing big in this new AI application... - And one FREE stock recommendation. [Click here to sign up for this special event](. I look forward to seeing you there. Regards, Eric Fry Senior Investment Analyst, InvestorPlace Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [25 Doomed Blue Chip Stocks]( [3 Stocks to Build Your Wealth in 2024]( [5 Unapologetically Profitable Stocks for 2024]( © 2024 TradeSmith, LLC. All Rights Reserved. P.O. Box 340087 Tampa, FL 33694 To unsubscribe or change your email preferences, please [click here](. [Terms of use]( | [Privacy Policy](