Categories: General Market Commentary- DPC / Technology
Topics: General Market Commentary- DPC / Artificial Intelligence

AI and crypto climb for big gains

Since last week: So far, the US keeps defying the odds when it comes to recession. We will have to see if that continues to hold up.

1. Retail Sales

In what could be a sign of consumer buying power losing traction, retail sales posted a decline of 0.8% in January from the month prior. This is the steepest drop since March 2023 and a sign economists have been waiting for. Many are looking for signs like this to show that inflation picking back up won’t be the concern many think it is. However this takes shape, there are sectors you can play in order to secure your own continued financial stability. Click here to learn more about them. 

2. Crypto’s Continued Climb

Bitcoin has continued its climb, reaching $52,000 as traders begin eyeing the halving in a few months, as well as spot ETF inflows. These two catalysts alone are enough to support a continued rise, and some analysts think that $55,000 is in sight. Click here to learn more about how to buy in before it reaches that point. 

Check out our latest free research reports for in depth analysis on specific market trends. View Reports

3. Nvidia Stakes

Many smaller AI companies saw their fortunes rise this past week when it was revealed that Nvidia had stakes in them. Companies that benefited included Soundhound AI (NASDAQ: SOUN), Nano-X Imaging (NASDAQ: NNOX), and Recursion Pharmaceuticals (NASDAQ: RXRX). This goes to show just how hot of a sector AI is and that the trend won’t be slowing anytime soon. Here’s where your investment dollars should go to take advantage.  

4. New Solar and Battery Milestones

According to the US Energy Information Administration, solar and battery storage will make up 81% of new US electric-generating capacity this year. That’s 55% more than what was added last year and shows just how quickly this trend is picking up. Because of the scope of this trend, there are massive profits to be made as long as you put your investment dollars in the right place. Here’s where you should be investing. 

What to Look For

Incoming economic data will help dictate the Fed’s next move. Meanwhile, keep an eye on the values of commodities and cryptocurrency.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle