That's right!
No recession, no disaster, no apocalypse, no government intervention. At least not yet…..
IT'S ALL DUE TO ARTIFICIAL INTELLIGENCE!
2021-2023 has been a profit-based recession. This means corporate earnings and margin pressure are being compressed due to the high cost of labor and materials and rising borrowing costs.
Artificial intelligence can't do anything about rising borrowing costs; only our beloved Federal Reserve can fix that.
AI can fix labor and material costs and, more importantly, give companies a reason to continue spending money (in recessions, companies hold back investments and contract spending).
CEOs, alongside every Board of Directors in Silicon Valley, are gawking at the astonishing dominance of NVIDIA. No one in the semiconductor space predicted the possibility of such a meteoric rise. CEO Jensen Huang,
in his most recent public address, has set the field for other companies to break ground around this revolutionary technology. (Disclaimer: this is not a recommendation to buy Nvidia at this time. )
Artificial Intelligence announcements will dominate the corporate landscape over the next several quarters as the technology spreads to different industries.
The announcements so far have been unbelievable, I will be more than happy to give specific recommendations per request. In these mass emails, I must leave blanket recommendations out.
In my last email, just like 1992, this could be the very early inception of a second technology revolution - a welcomed boon for investors worldwide.
Exciting times!
Please see our firm's very detailed insight into companies related to Artificial intelligence. (This is the telecom and data services AI piece only. Other industries will be sent out when published. )
More will follow; stay tuned
Christopher R. Lakian,