Anyone investing in AI stocks?

[manaboutown]

About a year ago I bought some Nvidia which has doubled in price since then. It may have topped out for now so I want to look for some smaller up and coming companies. Not looking for any hot stock tips; just want to educate myself as to where AI is going and who are the players.

[CoachKandSportsguy]

use for it?

currently, its not advanced enough to take seriously as a productivity alternative. . I have used it BUT because of the way it works, you get incorrect answers, as this lawyer found out. . .

Lawyer cited 6 fake cases made up by ChatGPT; judge calls it “unprecedented” | Ars Technica (https://arstechnica.com/tech-policy/2023/05/lawyer-cited-6-fake-cases-made-up-by-chatgpt-judge-calls-it-unprecedented/)

[manaboutown]

I read that the judge spotted fake case citations on papers the lawyer had.

Yes, AI is in its early stages; NVDA seem to be the gorilla for now anyway.

[CoachKandSportsguy]

I read that the judge spotted fake case citations on papers the lawyer had.

Yes, AI is in its early stages; NVDA seem to be the gorilla for now anyway.

Nvidia is the hardware to run it on. .
AI is the software and the use cases. .

the fads don't last very long in today's trading world. .
I am waiting until there is a clear cut winner, and with real life successful use cases

29 days until former corp finance guy

[manaboutown]

Nvidia is the hardware to run it on. .
AI is the software and the use cases. .

the fads don't last very long in today's trading world. .
I am waiting until there is a clear cut winner, and with real life successful use cases

29 days until former corp finance guy

Yes, the AI software companies today are similar to the auto industry in its very early days. There were many of them and only a very few survived.

Software needs to run on hardware which requires huge capital investment and technical knowhow, so fewer players.

So 29 and counting. Congratulations!

[CoachKandSportsguy]

Yes, the AI software companies today are similar to the auto industry in its very early days. There were many of them and only a very few survived.
So 29 and counting. Congratulations!

Well, here is another fail, this one is much more disturbing!

Air Force AI Drone 'killed Operator' In 'simulation' - Plato Data Intelligence (https://zephyrnet.com/air-force-ai-drone-killed-operator-in-simulation/)

LOL! simulations are pretty cool and better than training in real life. . .

[spinner1001]

About a year ago I bought some Nvidia which has doubled in price since then. It may have topped out for now so I want to look for some smaller up and coming companies. Not looking for any hot stock tips; just want to educate myself as to where AI is going and who are the players.

AI stocks —> the next bubble

No one knows where AI is going. Opinions range from killing humanity to killing millions of jobs to meh.

[Nevinator]

I am long on NVDA and feel that it has a long way to go. I remember when AVGO was in the $280 range and was worried that it had peaked. Look at it today. I also am long on MSFT and AI. My AI position is more speculative because it’s a smaller player, but I think it has a lot of promise.

If you have doubts on AI, you can always sell weekly Put Options in the low delta range (.10 - .25) for a steady income stream. If assigned, you at least have a lower entry point. Good luck.

[manaboutown]

I am long on NVDA and feel that it has a long way to go. I remember when AVGO was in the $280 range and was worried that it had peaked. Look at it today. I also am long on MSFT and AI. My AI position is more speculative because it’s a smaller player, but I think it has a lot of promise.

If you have doubts on AI, you can always sell weekly Put Options in the low delta range (.10 - .25) for a steady income stream. If assigned, you at least have a lower entry point. Good luck.

Thank you. I plan on remaining long on NVDA and have held MSFT for many years.

[rsmurano]

Remember in 2000 where all the brokers were investing and hyping up companies that had .com in its name or in its business plan? What happened a year later? Economy went into a major recession and a lot of these same stocks that were hyped dropped 80-90% in value. Today, these so called brokers/analysts are doing the same thing with AI. AI is not new, I was in the high tech/IT sector for over 42 years and we were reading and looking into AI over 35 years ago. Nvidia is a good company to get into AI or not, but other companies, they are just hoping to ride on other companies coattails to get them ahead, which I think Microsoft is 1 of these companies. Nvidia is an innovator where Microsoft is not. If the upcoming recession comes to fruition, a lot of these AI type companies will drop in value like a rock

[drstevens]

BOTZ Global X Robotics & Artificial Intelligence ETF

[spinner1001]

If AI is as revolutionary as some believe, expect a lot of government regulation as millions of jobs are lost and other threats rise.

Government intervention seems to be coming already to Europe.
EU lawmakers''' committees agree tougher draft AI rules | Reuters (https://www.reuters.com/technology/eu-lawmakers-committees-agree-tougher-draft-ai-rules-2023-05-11/)

If tough regulation comes, it will almost certainly slow the revolution.

[CoachKandSportsguy]

If AI is as revolutionary as some believe, expect a lot of government regulation as millions of jobs are lost and other threats rise.

Government intervention seems to be coming already to Europe.
EU lawmakers''' committees agree tougher draft AI rules | Reuters (https://www.reuters.com/technology/eu-lawmakers-committees-agree-tougher-draft-ai-rules-2023-05-11/)

If tough regulation comes, it will almost certainly slow the revolution.

there was a bloomberg reporter interviewing his AI self, and if AI can do that, AI can break financial safeguards with voice verification, etc. . .

[Two Bills]

My Virtual Online Financial Advisor (VOFA) said it wouldn't touch them with a Key Logger! :icon_wink:

[CoachKandSportsguy]

And then there is the human effect. .

https://www.washingtonpost.com/technology/2023/06/02/ai-taking-jobs/

not immediately, but eventually