2022 has been like a reset for the decade. 2023 is the opposite, although many investors have yet to see it that way.
But you will…
Because today we’re talking about the “stock of the year” – and the technology that’s disrupting virtually every industry.
Yes, this year is all about artificial intelligence. And you can’t have AI without microchips (or semiconductors). I dive into it in my new presentation here.
However, not all tokens are created equal.
There are three main types: logic chips, analog chips, and memory chips. The most sophisticated of them is logic.
But which company is closest to creating the “divine chip”?
Or in other words, the holy grail of tokens, who would get the most bang for their buck (and the companies that are chomping at the bit to get it).
Find out in today’s video…
Hot topics in today’s video:
- Market news: Based on the May US jobs report, here’s what I think will happen with the next Federal Reserve rate hike. (0:50)
- Investment Opportunity: The company that we qualify as “share of the year”. (3:50)
- Reader question: Angelo would like to know where the chipmaker Analog Devices (Nasdaq: ADI) corresponds to artificial intelligence. Is this the new “God chip”? (5:30)
- Mega trend: Pet telehealth care – the next Amazon? One of the major drivers of this market is the growing adoption of Internet of Things and AI for pet parents. (10:40)
- Do you use telehealth for your pet? Let us know how you use it at BanyanEdge@BanyanHill.com. (And if you’d like to include a photo, we’d love to see your pet! 😉)
See you soon,
Ian KingEditor, Strategic Fortunes
(From Apple: “Introducing the new era of special computing with Apple Vision Pro. “)
In case you missed it, Apple caused a stir this week when it announced the arrival of its long-awaited virtual reality headset, the VisionPro.
In typical Apple fashion, this is impressive hardware with five sensors, six microphones and 12 cameras. The company is also redefining, and even changing the vocabulary, of what its products do.
This is not a “virtual reality headset”. It’s a space computer with a 3D camera!
I have a house full of assorted Apple products and have always admired the company’s craftsmanship and dedication to quality. Apple legitimately makes great products.
And it has a near-flawless track record for doing things that might normally have been “geeky” in the very definition of cool.
But I can’t see myself shelling out $3,500 for a computer that I wear on my face. And apparently Wall Street feels the same way.
Apples (Nasdaq: AAPL) shares fell after the announcement.
Now don’t beat Apple. It is one of the finest undertakings in the history of world capitalism. It’s a real money-making machine, with profit margins so high it’s almost obscene.
And the Vision Pro could ultimately be a big hit for Apple. Let’s face it, the company hasn’t sniffed for over two decades now.
But I’m more interested in the macro image: America productivity problem.
Due to the aging of baby boomers and the relatively smaller size of subsequent generations, our labor force is no longer growing at the rate it once was.
So to keep the economy running, we need more output per worker. And it’s just not happening at the speed we need, which is why inflation has been so hard to kill over the past year.
Looking at the numbers, total factor productivity skyrocketed throughout the 1980s, 1990s and early 2000s – as personal computers (and later the internet) revolutionized work.
But from around 2005, productivity really started to slow down. New technologies like social media and the smartphone weren’t really productivity boosters.
Or whatever productivity-boosting powers they might have had, have since been undone by the endless hours the average person just spends playing and scrolling.
Now, could Apple’s “space computer” boost productivity?
In a few models from now on, it’s possible that something like this could allow a surgeon to perform surgery remotely, for example. And several other apps we haven’t even thought of yet.
But I prefer to follow TRUE labor saving technology like artificial intelligence and robotic automation.
It’s the technology we desperately need, and the companies bringing it to market should make a fortune.
Today Ian mentioned ‘stock of the year’. I won’t say what it is (just watch the video).
But if you want to learn more about microchips — or the technology behind producing AI software — check out Ian’s free webinar here.
Cheers,Charles SizemoreChief Editor, The edge of the banyan