Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

AI is still in the very early stages of growth

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Synopsis

After hitting an all-time high on Tuesday, Bitcoin plunged over 10%... for about 2 minutes, and is now rallying back to previous highs. I breakdown the volatility, including some crypto’s surging 200% in days, and how I would use pullbacks in crypto to your advantage as we approach the upcoming halving. Apple’s stock is down around 15% from its high, and mainstream media is panicking. I recap the bearish argument… the dismal iPhone sales data coming from China… the effect the upcoming Presidential election could have on the U.S. and China trade wars… and why you shouldn’t get overly bearish on Apple. Hint: A Trump presidency would be bullish for both Apple and China. Turning to AI (artificial intelligence). ChatGPT is an amazing product, and introduced millions of consumers to AI. But as I share today, a new and better AI product is already stealing all the thunder. I continue to pound the table on why ALL investors must have exposure to AI. And if you are worried you missed the opportunity in stocks like NVI