June is almost over... and that means the first half of the year is nearly in the books.
A lot has happened over the past six months. But one trend has consistently dominated the headlines – artificial intelligence ("AI").
The AI mania has taken the market by storm. And many related stocks have seen huge gains as a result. It even helped chipmaker Nvidia (NVDA) become the newest member of the $1 trillion club.
So on today's episode of Making Money With Matt McCall, we're taking a deep dive into the AI boom. Let's break it down for the average investor...
I start things off with a discussion of the big question in the market...
Is an AI bubble forming? Or does this trend have long-term legs to stand on?
Regular readers should know my answer. I'm a big believer in the future of AI. It has the potential to revolutionize the world as we know it. Just think back to when the Internet was created in the 1990s and how groundbreaking that was.
Could AI have a similar impact on the world and stock market? Or is it more like the metaverse trend that took over headlines a few years ago but fizzled out?
At the end of the day, only time will tell.
But the trends we've seen this year give us a good idea of what to expect. And I provide the facts to help back up my theory.
Like any potentially disruptive technological advancement, there's always a downside...
I'm not blindly supporting the AI trend. I know there are risks involved. And I talk about them on the podcast – everything from AI taking over the world to the impact it will have on daily life.
Then, we have some fun.
I use ChatGPT to answer some of our questions regarding AI. And I also ask it for possible investment opportunities. You'll want to tune in to hear its responses.
Finally, I list some of the biggest players in the AI space. We all know about Nvidia, so I focus on some of the overlooked stocks that could benefit from the trend's continued spread.
If you have any interest in AI and the investment opportunities it will create, this is an episode you don't want to miss.
Click here to watch today's episode of Making Money With Matt McCall now.
Here's to the future,
Matt McCall
Editor, Daily Insight
June 20, 2023
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