John Carl,
Editor
Aug. 30, 2024
It’s been quite a week.
Nvidia announced their Q2 earnings after the closing bell on Wednesday, and markets have had quite an interesting reaction to the news.
Despite strong 122% year-over-year growth, and beating EPS estimates by 5.65%, Wall Street still wanted more. They’ve gotten greedy — and wanted to see Nvidia beat expectations by “drop-the-mic” double-digit performance.
As I wrote to my Digital Dispatch readers in the upcoming September issue, I’m satisfied with the results. It’s not “sour grapes,” especially because the smaller AI stocks I’m following were able to pick up the slack, and easily outperformed both Nvidia and the NASDAQ.
My colleague Chris Curl and I have been saying for several months now that the best way to play the AI revolution is to move into smaller stocks with more upside.
And as you can see in the chart below, here’s proof of why this approach is so effective.
We’re most interested in this company’s new partnerships, which include Dell (which has quickly become one of the top data center builders in the world), Cisco, and Nvidia. That’s where this company will continue to build their revenue stream — and returns for us as investors.
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But that’s not the only AI firm that’s done well for us even as Nvidia’s gains have faded.
We made even more on another small AI company.
The company is primarily known for its cybersecurity contracts with governments and defense companies. We selected this company because all this past year they've been adding powerful new AI capabilities to their pipeline. The revenue for those projects has now arrived — and we’ve been rewarded for our stake.
As evidenced in the chart above, while Nvidia is soaking up all the headlines, it’s small AI players like this that are actually creating the growth opportunities.
You can be a part of it in a number of ways.
First, you can watch our recently-released presentation on why small AI stocks are benefitting from all of this growth.
Not only because the rising tide lifts all boats, but also directly, by collecting a premium from Big Tech as a buyout target.
Nvidia, Microsoft, and Apple are all vying with each other, and they can only stay ahead by acquiring smaller players with the tech they need.
And then, as you’ve likely heard, we’re also going to be hosting a live event next week.
It’s happening on Wednesday, Sep 4th, at 2pm ET / 11am PT.
In 45 minutes we’ll review the state of AI, why it’s been so explosive for investors, and why there’s more to come before 2024 is over.
We’d love to have you join us for this action-packed live event.
As you head into Labor Day weekend, and prepare for a busy fall, this is the perfect moment to set yourself up for tech gains before the year comes to a close.
Make it your own,
John Carl
Editor, Daily Profit Cycle