The “AI Blitz” Is Coming Next Week

Anyone paying the slightest attention to the news has heard of ChatGPT.

The AI program took the world by storm this year with predictions that it would soon revolutionize fields as varied as programming, transportation and logistics, and drug discovery.

And it’s easy to see why. GPT-4 – the language model behind ChatGPT’s current iteration – scored in the 90th percentile on the bar exam.

It passed in the 93rd percentile on the SAT and got the highest score on Advanced Placement (AP) tests, too. It even succeeded at all three parts of the U.S. medical licensing exam.

It’s not simply a good test taker, either.

Companies like Microsoft, Salesforce, Snap, Duolingo, Instacart, and Shopify are teaming up with ChatGPT to apply its technology to their businesses.

Over time, we’ll likely see these kinds of collaborations grow as the technology gets even more improved and refined. There are still a few kinks to work out, naturally, and we’re still in the early days.

Yet many people see this as a watershed moment for artificial intelligence.

And the stock market has reacted in kind…

Nvidia (NVDA), which makes the chips that power ChatGPT, has risen as much as 225% during the first half of this year. AI mania even pushed it up to a trillion-dollar valuation.

Even more incredible, it’s not the only stock that’s seen triple-digit returns due to this “AI boom.”

At its peak, Super Micro Computer (SMCI) climbed nearly 330% this year. C3.ai has jumped over 325%. Meta Platforms (META) has climbed as much as 160%.

Even Amazon (AMZN) has risen as much as 65% this year.

And all that should have smart traders perking their ears up with interest…

Up and Down Cycles

Whenever a trend gets as hot as AI has been this year, it throws up plenty of opportunities.

But it can be tricky to spot which AI stocks will continue their massive runs…

Especially when the market is signaling that things could be reaching a short-term top. I’ve been calling it a “mini” bubble.

For example, Upstart Holdings (UPST) has already fallen nearly 60% since the start of August.

SentinelOne (S) fell as much as 40% earlier this year following its May peak.

And C3.ai has dipped over 30% for anyone who bought at the beginning of August.

Other popular AI stocks are looking like they might need a breather too.

NVDA, for example, is trading at about 43 times its sales from the last 12 months. Compare that to the S&P 500, which sits around 2.4x.

So even though AI promises to be a long-term tech trend – much like the internet or cell phones – it will still go through up and down cycles.

Yet as traders, we will see some great trading opportunities on the long and short sides as these stocks take a step back – and then head for their next leg up.

We don’t have to wait around to find ways to make money on this trend either.

Because I know a way to profit from AI that’s just around the corner…

The 7-Day AI Blitz

A special market event is coming up in September… something I’m calling the 7-Day AI Blitz.

And it’s one of the biggest money-making opportunities we’ll see all year.

In the past, my followers have made incredible sums during this kind of window. They’ve written in saying they’ve made returns like $20k… $9,233… $19,164… and $10,729.

And with AI stirring up the market, I suspect this blitz will be one of the most exciting yet.

That’s why I want to prepare you for this event… and show you my favorite alternative play on AI right now.

So I’m inviting you to my upcoming summit on September 6 at 8 p.m. ET.

There, I’ll show what I’m seeing in the AI trend and even break down how I plan to trade this blitz.

I’d love to have you join me. To do so for free, simply go right here to sign up.

Regards,

Larry Benedict
Editor, Trading With Larry Benedict