Where to Find the Biggest 'Hidden Gems' of the AI Boom

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 24 June 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a 50-year Wall Street veteran and the founder of our corporate affiliate, Chaikin Analytics. He also created a popular Wall Street indicator that appears in every Bloomberg and Reuters terminal in the world.

Marc kicks off the show by describing why he's so bullish in this presidential-election year. He explains that we're now entering a "sweet spot" for the market, and if there are any election surprises, that would be even more reason to buy in. Marc also lists off some sectors that he's bullish on today, especially in mid-cap stocks. These areas of the market aren't making headlines, but they're seeing steady gains and present attractive buying opportunities. (1:38)

Next, Marc shares his thoughts on the current AI boom and compares it with the introduction of the Netscape web browser in 1995. He discusses profit margins versus valuations, the potential loss of jobs due to AI, and the usefulness of large language models like ChatGPT. According to Marc, there are companies across a variety of industry groups that are going to benefit from AI. Investors just have to find them. (15:45)

Lastly, Marc shares all the details about his newest, most personal newsletter service that will be launching soon. He explains that it's going to focus on finding "hidden gems" – mid-cap or small-cap stocks that are undiscovered but have great valuations. As Marc says, "The focus is prospecting for gold nuggets." With his custom Power Gauge system by his side, Marc is going to find hidden winners – in a range of sectors – that are set to profit from the AI revolution. (34:32)

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value
0:08.4	and the Ferris Report, both published by Stansberry Research. And I'm Corey McLaughlin, editor of the
0:14.0	Stansberry Daily Digest. Today we talk with Mark Chakin, founder of our corporate affiliate,
0:20.1	Chakin Analytics. Mark is a great friend
0:22.5	and colleague of ours. He's been on Wall Street for 55 years. This guy has had major, major
0:31.2	investors as clients. People like Stanley Druck and Miller, we'll talk about that. And he's been there and done that.
0:38.9	If anyone in the whole market-wise banner knows Wall Street, it is Mark Chakin.
0:45.3	And not only that, but wouldn't you say he's just a great fun guy to talk with, right?
0:49.9	I love listening to what he has to say about the market's 55 years of experience, that is longer than I have been alive.
0:57.5	And so he has literally more market experience than I have life experience.
1:03.0	And, you know, we'll talk presidential election cycle, AI, little Stanley Drunken Miller,
1:09.2	who he knows a little bit as well.
1:12.1	So looking forward to it and letting everybody else here.
1:15.7	Yeah, I didn't know these guys were kind of friendly.
1:18.9	I mean, he let Stan take his boat out one year, as we discussed.
1:24.2	So, yeah, let's do it.
1:25.8	Let's talk with our friend and colleague, the legendary Mark Chacon. Let's do it right now.
1:37.8	Mark, welcome back to the show. Always a pleasure to see you.
1:41.0	Dan, good to be with you. All right. Let us begin where we last left off,
1:46.4	which was a pretty good point for you. November 2023 was the last time we spoke, and the market's
1:57.7	done pretty well since then, and you've been pretty darn bullish, haven't you?
2:01.5	Yeah, I have remained bullish for the last six or seven months, Dan.
	...

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