Warning: Here’s Why Investors Need to Embrace AI

by Jordan Chussler
By Jordan Chussler

There’s a lot of chatter about artificial intelligence these days, some good and some bad.

Some good: Google Cloud is partnering with the Mayo Clinic to use generative AI to improve healthcare processes.

According to CNBC, “In healthcare, the technology should allow workers to interpret data, such as a patient’s medical history, imaging records, genomics or labs, more quickly and with a simple query.”

Some bad: AI could be coming for your job.

In late March, the BBC reported that AI could replace the equivalent of 300 million jobs, and that the presence of competitive AI could drive down wages in numerous industries.

Good or bad, it’s critically important to understand that …

AI Isn’t Going Away

It’s human nature for people to be resistant to change. But when objection to inevitable progress occurs, it’s the objectors who ultimately lose.

Take, for example, those who are avidly against the transition to electric vehicles. They simply fail to recognize it’s inevitability.

The people arguing that you can’t charge an EV in the aftermath of a hurricane when the electrical grid is down don’t realize you also need electricity to power pumps at gas stations to fuel internal combustion engine vehicles.

And while they were yammering about government overreach for incentivizing the shift to green energy — while simultaneously ignoring the fact that the government incentivized and subsidized fossil fuels for decades — they missed out on life-changing investment opportunities.

Look no further than Tesla (TSLA), the world’s premier EV-maker.

Despite Tesla CEO Elon Musk being as likable as anchovies on a pizza or any of the Kardashians whose first names begin with “K,” the company’s stock has surged 970% over the past five years.

Five-year performance chart of TSLA.
Click here to see full-sized image.

 

The same goes for the inexplicably anti-solar energy crowd.

Rooftop photovoltaic arrays are not part of some insidious plan by coastal elites to put industrious coal miners out of work … no matter what Tucker Carlson says.

But while those very people were parroting his rhetoric, they missed out on shares of First Solar (FSLR) gaining over 486% since March 2020.

Three-year performance chart of FSLR.
Click here to see full-sized image.

 

The point here is simple …

The Market Doesn’t
Care About Opinions

And letting your opinion get in the way can be the fastest route to portfolio mismanagement.

Here’s the truth: You don’t have to like something to invest in it. You do, however, need to recognize its potential as a disruptive market force.

AI is nascent, and its profit potential is enormous.

By some estimates, the opportunity could reach as high as $15.7 trillion, according to a report by consulting giant PricewaterhouseCoopers.

Forecasts by PwC analysts call for AI to contribute 26% to the global economy by 2030.

For intelligent investors, it’s time to embrace change.

Don’t get left behind with the same naysayers whose hatred of EVs and solar panels caused them to miss out on explosive growth in shares of TSLA and FSLR.

But with any new tech, it’s always smart to be wary …

How to Avoid the AI Security Nightmare on Main St.

Companies like Microsoft (MSFT), Alphabet (GOOGL) and NVIDIA (NVDA) might be striking it rich from the current AI frenzy. But critical issues that potentially make AI a cure that’s worse than the disease may really boost the coffers of cybersecurity companies fighting on the front lines of an already costly war, Senior Investment Writer Karen Riccio explains.

Apple’s Latest Tech Could Be a Tough Sell

On Monday, executives at Apple (AAPL) revealed Vision Pro, a new “mixed reality” headset. The ski goggle-like device is being dubbed as what comes next after the iPhone, but according to Pulitzer Prize winner Jon Markman, it’s going to be a bumpy ride.

VIDEO: These 2 Explorers Are on the Launchpad for Gold’s Next Big Move

So far this year, gold is up 8% and is less than 5% off of its all-time high. Senior Analyst Sean Brodrick shares two interview videos with the CEOs of gold miners that are positioned for the next leg up for precious metals.

These 2 Stocks Just Earned Ratings Upgrades

This past week, the S&P 500 notched its highest close since August 2022 and our ratings now show two companies have moved up to “A-” and “B+” … making them both “Buys.” Director of Research and Ratings Gavin Magor provides the details.

An Investment Summit You Won’t Want to Miss

In a year that’s been proven unpredictable for the markets, the one constant has been how the Weiss team deploys safety-oriented strategies. This year, you can meet them in person to learn more about their methodology and tailored picks.

‘FedNow’ Marks a Good Time to Get ‘Off Wall Street’

The FedNow program is set to roll out in just a few short weeks. On the surface, it’s a government-run payment processing system designed to make financial transactions more efficient. But Income Analyst Nilus Mattive warns it could have darker implications.

Still MORE Banks at Risk

Based on year-end 2022 data, our Bank Safety Ratings showed there were close to 4,250 banks and credit unions at present or future risk of failure. Now, there are 5,274. Our founder, Dr. Martin Weiss, delivers an urgent message to help investors insulate themselves from the ongoing banking crisis.

Until next time,

Jordan Chussler
Managing Editor
Weiss Ratings Daily

About the Managing Editor

Jordan Chussler is the Managing Editor for a team of research analysts and senior editors. He oversees the development and production of trading and investment products and services reporting on traditional equities, including stocks, ETFs, income vehicles, options and private equity. He is a 15-year veteran of the digital publishing industry and also serves as a contributing writer for Weiss Ratings Daily.

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