Appleâs market dominance is up for grabs⦠[The Jolt with Stephen McBride] Who dethrones the iPhone? Happy Wednesday⦠âPessimists sound smart, optimists make moneyâ is a line I live by. The underrated book The Maxims of Wall Street puts it this way: âBears make headlines, bulls make money.â Donât take this too literally. Only a fool thinks stocks always go up. But if you want to get or stay wealthy, your bias must be toward investing in growth, progress, technology, and human ingenuity. Thereâs no other way. Letâs get after it⦠- This is the beginning of the end for the iPhone. Apple (AAPL) has sold well over $1 trillion worth of iPhones. Itâs the most successful product in history. But its days as the #1 computing device are numbered. We need something new to interact with artificial intelligence (AI). Tapping a six-inch glass screen wonât cut it. Well, new AI devices are starting to hit the market. Check out Humaneâs AI pin. Itâs a ChatGPT-powered pin that clips to your shirt: Source: Marksmen Daily You can ask it to call your wife⦠summarize your emails⦠or book a table at your favorite restaurant. Its AI-powered camera can do things like scan your lunch and tell you how many calories are in it. Humaneâs AI pin is very coolâbut I doubt itâs the âiPhone killer,â at least in its current form. Billions of people will have to buy and love the device that dethrones the iPhone. Thatâs not happening with a pin that costs $699 + $24/month. But it excites me to see this hardware innovation. Itâs been 16 years of iPhone dominance. But the new iPhone is the same as the one released three years ago. Itâs all so boring. Now weâre seeing experiments with [Facebookâs (META) AR glasses](⦠Neuralinkâs brain implants⦠and AI pins. Who will dethrone the iPhone? We donât know yet. But the market share of Appleâprobably the biggest and most successful company in history, whose stock has appreciated over 100,000%âwill be up for grabs. - These are the AI stocks to own now. The best way to make money in AI today is by investing in the disruptors building the âbackboneâ of this new tech. That was one of the topics Wealthionâs Eric Chemi and I discussed during our recent chat. We also talked about my stock market outlook⦠how AI changes what we invest in⦠and much more. [You can watch our conversation here.]( The AI infrastructure buildout is among the biggest spending sprees in human history. Microsoft (MSFT) alone plans to spend $50 billion expanding its AI datacenters next year. Weâre talking about a firehose of money, spraying at a specific group of stocks: Companies powering the AI infrastructure buildout and printing money right now. Nvidia (NVDA) is obviously a big winner here. But we recently bought four new AI infrastructure plays in Disruption Investor. You can learn about these by watching my recent A.I. Investing Summit on-demand [here](. - The most incredible AI tool Iâve seen⦠A few years ago, my wife and I lived in a small town in Argentina where few locals spoke English. Our broken Spanish got us by, barely. Every so often (like when ordering meat from the butchers), weâd have to break out the Google Translate app. The butcher would read the translated message, then look at me in such a way that I knew the translation wasnât quite right. Silly gringo. Thanks to AI, language barriers may be a thing of the past. A new AI tool from startup HeyGen makes you look like youâre speaking another language. You talk in your native tongue, and it makes a video of you speaking in Spanish, French, German⦠whatever language you want. Your lips sync to the sound perfectly. You have to see it to believe itâcheck out the video on X (Twitter) [here](. If AI-generated video is already this good, can you imagine what it will be like next year? Youâll soon be able to chat with non-English speakers over Zoom⦠hire people who donât speak your language⦠or watch foreign films in English. Sorry to make todayâs letter all about AI, but thereâs so much innovation happening. Two big takeaways: #1: As Iâve said, there will be millions of specialized AIs, which means there will be hundreds of investing opportunitiesâat least. #2: Demand for computer chips will shoot through the roof, beyond the moon, and into the stars. - Todayâs dose of optimism⦠The worst lie ever told is that capitalism is bad for poor people. Truth is, itâs the best system in history for the less fortunate. Try getting a good-paying job in a socialist country (good luck). Capitalism also drives down prices to the point where things that were once luxuries are now affordable. When residential microwaves hit the market in 1955, they cost $1,295. Today, you can pick one up at Walmart for $55. You can get 24 microwaves today for the same price of one in 1955. Same deal with TVs, and itâs all thanks to capitalism. More freedom and less government makes every country better. Stephen McBride
Chief Analyst, RiskHedge Suggested Reading... [Bitcoin > $40,000]( Â
[The Best Sector for 2024: Consumer Discretionary]( If someone forwarded you this email and you would like to be added to our email list to receive the Jolt every week, [simply sign up here.](
This email was sent to {EMAIL} as part of your subscription to The Jolt.
To opt-out, please visit the [unsubscribe page](. [READ IMPORTANT DISCLOSURES HERE.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. Copyright © 2023 RiskHedge. All Rights Reserved
RiskHedge | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034