It could be time to start looking for better AI stocks to buy⦠[TradeSmith Daily]( How Teslaâs New Supercomputer Could Upend the AI Race
Editorâs Note: Below is a guest essay from InvestorPlace Senior Analyst Luke Lango. Lukeâs [AI Trader]( service is built around the stages stocks are constantly moving through — and buying and selling at the right times to maximize returns. Below he explains how itâs time for investors to start looking beyond an obvious AI stock. Plus, he shares a recent service upgrade that is set to make returns even better. Morgan Stanley recently upgraded Tesla (TSLA) stock with a Street-high price target of $400. Its reasoning? Teslaâs Dojo supercomputer will unlock $500 billion in economic value. And while most investors were mesmerized by the 10% pop in TSLA stock on that same day, I was busy thinking about something else. If Dojo is the âreal dealâ — and I think it is — then this could mark the end of Nvidiaâs (NVDA) rule as the leader of the AI Boom. [It could be time to start looking for better AI stocks to buy.]( Wall Streetâs AI Boom began in late 2022 with ChatGPTâs launch. Since then, Nvidia has been the poster child for AI stocks. Thatâs all thanks to burgeoning demand for the firmâs next-generation GPUs, which are used to make and run robust AI models. NVDA stock has surged more than 200% higher this year alone.
But there is growing concern among some in the industry that demand for Nvidia GPUs is maxing out — and that the big players in the AI Race will start using different GPUs. Insert Dojo. RECOMMENDED LINK [NVDA Stock is SURGING, But This $2 AI Gem Has Even More Upside Potential](
With Nvidiaâs dominance in AI, its trailblazing technology, and the escalating demand for AI applications it makes a robust candidate for continued growth. But if you feel like you missed out on Nvidiaâs meteoric rise, and you donât want to wait around for a pullback, there are smaller players out there ready to breakout... If you know where to look. Just recently, [this system helped us spot what we believe could be one of the biggest undercover AI opportunities of the decade](. But with AI tailwinds at its back, this $2 stock is only just getting started. [Go here now for the details]( The New Kid on the Block
Dojo is Teslaâs supercomputer. It is the âbrainâ behind the firmâs self-driving operations. Itâs fed driving data from the abundance of Tesla cars on the road. Then it parses through all that data to develop self-driving algorithms that power Tesla carsâ autonomous vehicle capabilities. Dojo is Teslaâs AI. And it doesnât use Nvidia GPUs. Tesla used to power all of its self-driving operations with a large Nvidia GPU-based supercomputer. Dojo is set to replace that. In other words, Tesla previously used Nvidia GPUs. But now Tesla has developed its own supercomputer that uses its own GPUs custom-built for its AI needs. And that gets to the crux of the problem here: customization. In the early innings of the AI Boom, Nvidia won big by supplying very advanced but very general-use GPUs to companies looking to develop broad AI models. But as the AI Race has matured, those companies are now looking to develop more sophisticated and specialized AI models. For that, they need custom-built GPUs. And economically speaking, it doesnât make sense for Nvidia to create custom-built GPUs for every single one of its customers. So, Nvidiaâs largest customers are developing their own custom-built GPUs to meet their own specialized AI needs. Tesla and its Dojo supercomputer are just one example. Custom-Built AI Tech Is on the Rise
In fact, every Big Tech firm building AI models that formerly relied on Nvidia are now developing their own custom-built chips. Amazon (AMZN) has developed two chips customized specifically to build AI models on the firmâs cloud service, AWS. One is for high-performance inference (AWS Inferentia) and one is for deep-learning training (AWS Trainium). Together, Amazon believes these two chips could power all future AI functions on AWS. Meanwhile, Alphabet (GOOGL) is already on the fifth generation of its custom Tensor Processing Units, or TPUs, for neural network development. Reportedly, Microsoft (MSFT) has invested heavily in its own secretive AI chip development project, codenamed Athena. And news broke earlier this year that Meta (META) is developing its own custom chip for running AI models, dubbed the MTIA chip — or Meta Training and Inference Accelerator chip. Big Tech has made its move. Itâs going all-in on AI, and none want to depend on Nvidia to help them win the âAI Race.â They all want to do it themselves. Thatâs why we believe you need to start looking for the top AI stocks to buy — not named Nvidia. [Weâre here to help you do just that.]( RECOMMENDED LINK [This A.I. system is like having 100,000 financial analysts at your fingertips](
The world is now being swept by an Artificial Intelligence or A.I. Revolution... And the spark that launched this revolution was last Decemberâs release of the breakthrough A.I. language processing program known as ChatGPT. What made ChatGPT so amazing was you could ask it a complex question and it could give you an answer in a matter of seconds. [Well, imagine if you had a similar kind of program... only for the stock market](. Imagine you could ask an A.I. program what price Google stock is going to be next month... Or how much the price of gold is going up or down... And what if it could predict those outcomes with astonishing accuracy? Well, believe it or not, one of the worldâs leading financial tech companies, a company called TradeSmith, launched a program recently that does exactly that...
[Click here to get the full story]( The Final Word
Big Tech firms arenât the only companies dabbling in AI. Weâre developing some artificial intelligence of our own. And just recently, we unveiled our new, state-of-the-art AI-powered trading system, dubbed [Prometheus](. Prometheus was trained on hundreds of thousands of financial market data points, with the sole purpose of pinpointing when a stock is about to surge higher. That is, this next-gen artificial intelligence scans the entire stock market every week to gauge the probability that a given stock will surge higher in price over the next month. All you have to do is ask Prometheus about a stock, and itâll give you a score. The higher the score, the more likely the stock is to surge over the next month. The lower the score, the less likely. Forget the guesswork and uncertainty surrounding investing. Prometheus provides answers. Thatâs an absolute game-changer for anyone with money in the markets. Imagine knowing, with a quantified measure of certainty, that a stock is either going to go up significantly or down significantly over the next few weeks. Iâm sure it would make a world of difference for your investment strategy. It certainly has for us. A few weeks ago, we started using this AI in real time. And it helped us find one stock that popped more than 50% in just a week! Point being: Prometheus works. It is an absolute game-changer. And just recently, [we unveiled this AI for the very first time](. If you missed the event — no worries. We have a replay for you [right here](. This new tool could change investing forever — and help you find the next big AI stock to buy. [Learn all about it.]( [Luke Lango]Luke Lango
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