I Thought He’d Fire Me

I thought I was going to lose my job…

Back in March of this year, the Magnificent 7 had a combined valuation of roughly $17 trillion.

If you’re not familiar with the Mag 7, they are Amazon, Apple, Google, Facebook, Microsoft, Nvidia, and Tesla. These are the companies driving the artificial intelligence (AI) megatrend in the stock market.

At those levels, the whole thing looked like a bubble – one of those setups any seasoned investor wouldn’t go near with a six-foot pole.

So when I told Daily editor Teeka Tiwari we had to dive headfirst into the AI trade… He gave me the same look his previous publisher gave him in 2016 when he told them he was recommending bitcoin to his readers.

That mix of disbelief and concern. “Kid… are you sure you want to stake your career on this?” he asked.

As I expected, he pushed back hard: Everyone already knew the AI story, he told me. Sure, it’s a generational trend. But right now, the trade is too crowded.

He wasn’t wrong. AI valuations were high then and are even higher now. Price-to-sales, price-to-revenue, and price-to-earnings ratios for AI companies are in the stratosphere.

But that was the problem: Everyone was looking at the Mag 7 and similar AI companies. I was looking in a different direction.

“You’re focused on the part of the AI trade everyone can see,” I replied. “The real money’s hiding where nobody’s looking.”

Here’s why I’m telling you this – the same thing I told Big T in spring…

The next wave of big gains won’t come from companies creating AI chips, bots, and programs. It will come from the companies that make AI possible.

The Truth I Had to Convince Teeka Of