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* Where to Focus Your Sights as the AI Boom Rages On

Meet Luke Lango

WHERE TO FOCUS YOUR SIGHTS AS THE AI BOOM RAGES ON

This boom's pivot will likely prove to be a fantastic way to profit in the Age
of AI

By Luke Lango, InvestorPlace Senior Investment Analyst Nov 15, 2024, 11:12 am
EST November 15, 2024

Key Takeaways:

* Ever since the AI Boom started in late 2022, a particular type of AI stock –
what we like to call the ‘AI Builders’ – have been the biggest winners. These
are the stocks involved in building the infrastructure necessary to support
the Age of AI.
* Now companies are broadly figuring out how to innovatively deploy new AI
applications to create real-world economic value. And it looks like we may be
moving into this boom’s second phase, wherein the ‘AI Appliers’ will
dominate.
* After all, AXON is up nearly 70% this year. MNDY stock has rallied almost 30%
over the past four months. And UPST has rocketed over 40% in just the past
two months.

I just issued a new buy alert on this AI company with ties to Elon Musk.

Editor’s note: “Where to Focus Your Sights as the AI Boom Rages On” was
previously published in October 2024. It has since been updated to include the
most relevant information available.

In the 1990 film “The Two Jakes,” legendary actor Jack Nicholson says one of my
favorite lines:

> You can follow the action, which gets you good pictures. You can follow your
> instincts, which will probably get you in trouble. Or, you can follow the
> money, which, nine times out of ten, will get you closer to the truth.

I love that quote. In my experience, people say all sorts of things. Sometimes,
they mean it. Sometimes, they don’t. But they pretty much always put their money
where their true beliefs lie – and that is exactly why I “follow the money” on
Wall Street.

If money is flowing into a certain sector or stock, it’s probably best to follow
along.

Right now, the money is flowing almost nonstop into Artificial Intelligence.

And I’m not talking just any money – I mean the “smart” money.

Microsoft, for example, has given $10 billion to OpenAI – the maker of ChatGPT –
to fund the creation of complex large language models. Amazon has poured $4
billion of its own into another AI startup, Anthropic, to help create new
generative AI technologies. Alphabet just dropped another $5 billion into its
self-driving unit, Waymo. Meta said it plans to spend up to $40 billion this
year alone on capital expenditures, a bulk of which will go toward AI research
and development.

The list goes on and on.

However, while AI is undoubtedly the hottest sector on Wall Street, we suggest
that investors focus on a different type of AI stock than what has dominated the
market over the past two years.

That is, ever since the AI Boom started in late 2022, a particular type of AI
stock – what we like to call the ‘AI Builders’ – have been the biggest winners.
These are the stocks involved in building the infrastructure necessary to
support the Age of AI. Think things like AI chips, data centers, networking, and
related equipment.

Those AI Builders have been all the rage. For example, from late 2022 to
mid-2024, AI chipmaker Nvidia saw its stock soar more than 600%. And AI server
supplier Super Micro rallied about 800%.

The ‘Builders’ dominated the first phase of the AI Boom. But now, it looks like
we may be moving into this boom’s second phase, wherein the ‘AI Appliers’ will
dominate.

REVEALED: Elon Musk’s Secret AI Facility?

PHASE 2 OF THE AI BOOM: USHERING IN WALL STREET’S NEXT CHAMPIONS

In our view, the first phase of this boom was all about building the
infrastructure necessary to create AI applications. The second phase will be all
about applying AI to create real-world value.

And it appears that phase is beginning right now.

Earlier this summer, law enforcement tech solutions provider Axon launched a new
AI product called Draft One, which automatically writes first drafts of police
reports using data extracted from police body cameras. That’s hugely
value-additive. And the results speak for themselves. Axon said Draft One is
seeing record demand, building an order pipeline of over $100 million in just
three months.

Meanwhile, AI lending firm Upstart has forever tried to disrupt the credit
lending markets with AI. But the firm has proven unable to do so – until
recently. Upstart recently said massive improvements in its AI modeling are
improving deal flow and powering big profit margin expansion, offering investors
the first-ever sign that maybe… just maybe… Upstart could use AI to redefine the
lending markets.

And enterprise software provider Monday.com has noted that its new general AI
(genAI) chatbot is successfully resolving about 50% of the customer service
tickets it sees. This is allowing Monday.com to address more customer service
tickets without as many customer service agents, driving incremental revenue
growth while cutting costs. That’s why the company reported 30%-plus revenue
growth in its most recent quarter. Not to mention, it has now surpassed $1
billion in annually recurring revenue, just a decade after its launch.

--------------------------------------------------------------------------------

APPLE’S AI DREAM TEAM: THE COMPANIES YOU DON’T KNOW

Apple’s debut AI device is set to redefine the market, but here’s the twist —
they could be backed by a network of under-the-radar companies.

These could be the real winners as Apple enters the AI race.

See the hidden stocks poised to surge.

--------------------------------------------------------------------------------

THE FINAL WORD ON WINNING AI STOCKS

Folks, to us, the writing is on the wall. Companies are broadly figuring out how
to innovatively deploy new AI applications to create real-world economic value.

And the AI Appliers should reign supreme.

That’s why we think those stocks could be the biggest winners as the AI Boom
continues to dominate over the next few months.

After all, AXON is up 130% this year. MNDY stock rallied 50% over the past six
months (though, those gains were significantly diminished post-earnings). And
UPST has rocketed a whopping 85% in just the past three months.

Clearly, the AI Applier stocks are catching fire. And we think they’ll be the
leaders on Wall Street for the foreseeable future.

Be sure not to miss out on this big pivot. It will likely prove to be a
fantastic way to profit in the Age of AI.

Learn which stocks we expect will be the market’s biggest winners.

On the date of publication, Luke Lango did not have (either directly or
indirectly) any positions in the securities mentioned in this article.

P.S. You can stay up to speed with Luke’s latest market analysis by reading our
Daily Notes! Check out the latest issue on your Innovation Investor or Early
Stage Investor subscriber site.

Submit

Luke Lango Editor, Hypergrowth Investing

MEET LUKE LANGO

By uncovering early investments in hypergrowth industries, Luke Lango puts you
on the ground-floor of world-changing megatrends.

Learn more about Luke

--------------------------------------------------------------------------------

Article printed from InvestorPlace Media,
https://investorplace.com/hypergrowthinvesting/2024/11/where-to-focus-your-sights-as-the-ai-boom-reheats/.

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investorplace.com Open in urlscan Pro
2606:4700::6810:be86 Public Scan

Form analysis
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