Targeting the Impacts of the AI Revolution
The S&P just keeps hitting new all-time highs...
By Shah's count, the index has smashed through more than 30 fresh highs this year.
"That amounts to a new high every four trading days," he wrote in his Launch Investor update on Tuesday, "which is very impressive."
Impressive indeed. Of course, at the root of all this positive momentum is... well, the same thing that's been driving the S&P higher for almost two years now...
Artificial intelligence.
We can see this plainly when we compare the performance of the Global X Artificial Intelligence & Technology ETF (AIQ) with the S&P.
With little variance, this ETF - which bundles Nvidia (NVDA), Qualcomm (QCOM) and Broadcom (AVGO) with other firms that "may benefit from or use AI" - has charted roughly the same path as the S&P.
[IMAGE: AIQ VS. S&P 500]
And really, that should come as no surprise. The fund's top holdings include the same "Magnificent Seven" stocks that have been pushing the S&P to one new all-time high after another.
All these companies have become synonymous with AI.
Without AI, Tesla (TSLA) cannot make its dream of autonomous driving a reality.
Microsoft (MSFT) and Alphabet (GOOGL) have each launched their own AI chatbots (with mixed success).
And Apple (AAPL), as Shah has noted again and again, is depending on the incorporation of AI to maintain its market dominance with the iPhone.
It's no exaggeration to say that, at this point, the entire market is propped up by this burgeoning technology.
That's why, across Manward's publications and services, we are carefully targeting the impacts of the AI revolution.
Take, for example, our latest addition to the Manward Money Report PRO Small Cap Advantage Portfolio...
Incorporated in 1994 and headquartered in Melville, New York, Verint Systems Inc. (VRNT) uses its open platform and team of AI-powered bots to create tangible improvements in customer experience (CX).
The company's solutions are used by banking, insurance, retail and telecommunications industries, all of which can benefit from well-trained AI bots interacting with customers.
Just last year, Verint introduced its Verint Open Platform, which allows customers to quickly and easily deploy new AI bots in any of its customers' existing workflows.
That makes life easier for the businesses Verint serves... and their customers.
Even better, the company just beat on earnings and revenue for the first quarter of fiscal 2025.
Get all the details on this recommendation here.
In Alpha Money Flow, Shah has consistently sought opportunities to play the AI phenomenon. Recent plays have included Palantir Technologies Inc. (PLTR), IES Holdings(IESC), Advanced Micro Devices (AMD) and Micron Technology (MU).
He updated trading instructions on some of these plays (and others) in yesterday's update.
And just in case you missed it...
Don't forget to check out our recently published report from Alpesh, "The 3 Kings of AI: Alpesh's Top Picks to Multiply Your Money in 2024 and Beyond." In it, Alpesh offers up three of the top AI plays he's found with the help of his Growth-Value-Income system.
Keep scrolling for the rest of this week's portfolio moves and updates - including a fresh pick from Robert and a triple-digit gain in Launch Investor! - in the Trading Summary below.
Have a great weekend,
Alex