When it comes to the rush into AI stocks, these 2 charts are not easy to interpret from a contrarian perspective
On one hand, record inflows into AI etfs could mean there is too much "hot money" = BEARISH from a contrarian perspective. On the other hand, shorts continue to accumulate positions betting on a collapse of AI-related mega-caps tech stocks. This is BULLISH from a contrarian perspective. Source chart: JPM, TME
Computers vs Humans: Apparently computers got more AUM than humans...
AI will probably accelerate this trend further... Source: Statista, Topdowncharts
Some key AI tools
Source: Martin Crowley AIToolReport
Apple is developing the equivalent of “AppleGPT” and other generative AI tools to rival OpenAI and Google. Apple is testing the chat bot internally and it’s code name is “Ajax"
Apple's stock jumped after Bloomberg reported the #ai news and hit a new ATH. Apple was caught flat-footed in the past year with the introduction of OpenAI’s ChatGPT, Google Bard & Microsoft’s Bing AI. Its main AI product, the Siri voice assistant, has stagnated recently. Source: HolgerZ, Bloomberg
The Economic potential of generative ai, the next productivity frontier:
The Economic potential of generative ai, the next productivity frontier Source: McKinsey
"AI is the 4th era and the biggest age of computing"
"AI is the 4th era and the biggest age of computing" A great visual from $AMAT's recent earnings presentation covering the three historic eras of computing, dating back to 1980, and the future potential of the new AI era. Source: Quartr
Artificial Intelligence through the decades - how did we get there?
Source: Forbes, Goldman Sachs
Instagram’s "Threads" surpasses 100 million users
Instagram’s "Threads" surpasses 100 million users. It just became the fastest company to attract 1 million users of any company EVER (including #ChatGPT). Source: Statista
